When the market dips, even the good stocks dip as well, as seen recently. However, this allows for great buy opportunities with higher upside potential. If you do not own any of these stocks, right now is a perfect opportunity to invest in these solid stocks:
- Fifth Third Bancorp (FITB) is currently trading at $10.62 with a current book value of $13.42 (26.365% upside potential), and a one year price target of $14.5 (36.5%). FITB has a ROA of 1.05% and a ROE of 8.92%, not to mention operating profit margin of 27.51% and P/E ratio of 9.1x. FITB has a quarterly revenue growth of 15.30% and diluted earnings per share of 1.01, not to mention a 4 star S&P Rating. Also, the last 5 quarters this bank had higher than expected earnings.
- Southwest Airlines (LUV) is currently trading at $7.73 with a current book value of $8.96 (15.91% upside potential), and a one year price target of $13.79 (78.4%). LUV has a ROA of 3.63% and a ROE of 7.87%. .66 Diluted earnings per share, 11.9x P/E ratio, and a 4 star S&P Rating for this airlines company.
- Frontier Communications Corp (FTR) is currently trading at $5.86 with a one year price target of $7.84 (33.79% upside potential). This company has a P/E ratio of 36.8x and an amazing dividend yield of 12.84% which is fantastic! This stock was at $9.84 earlier this year, and with a dividend yield like it has currently leaves room for a lot of investment potential. Fundamentally the organization is struggling with debt, which is pushing the price down, but the company is in fact solid in the long run. The ROA is 1.36% and ROE of 6.11%. I feel at this price this stock is a great Value/Growth stock.
- Xerox Corp (XRX) is currently trading at $7.20 - a complete steal. The 1 year price target is $11.44 (58.89% upside potential not to mention a 52-week high of 12.08) and a current book value of $9.25 and rising (28.47% upside potential). This is a solid corporation with 10.4x P/E ratio, 3.80% ROA, 8.35% ROE. S&P 5-star rating and a 1 year Earnings per share growth rate of 11.9%.