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Buy-the-Dip Candidates in the Stock Market: Buy Ford
Stocks are higher Monday after this past week that saw heavily-shorted stocks rise behind a wave of retail investors from Reddit's WallStreetBets. The Nasdaq is up over 300 points Monday.
GameStop was the main focus of the subreddit traders but AMC , Koss , Bed Bath & Beyond and Virgin Galactic were also targeted.
Here are several stocks that fell this past week and could present an opportunity to "buy the dip".
1. eHealth | -39.99% 5 day | -32.66% 1 Month
eHealth announced its support to re-open ACA enrollment for people impacted by the Covid-19 pandemic this past week..
TheStreet Quant Ratings rates eHealth as a Hold with a rating score of C+
2. iRhythm Technologies | -33.36% 5 day | -30.46 1 Month
iRhythm Technologies received a hold rating from Needham. Unfortanetly, an investigation into iRhythm was announced Friday and the stock plummeted.
TheStreet Quant Ratings rates iRhythm Technologies as a Hold with a rating score of C-.
3. Lam Research | -14.17% 5 day | +2.27% 1 Month
Lam Research beat earnings and revenue estimates when they reported its 2nd quarter financials on Wednesday.
TheStreet Quant Ratings rates Lam Research as a Buy with a rating score of B-.
4. Morgan Stanley | -9.55% 5 day | -0.97% 1 Month
Morgan Stanley and other bank stocks have far outpaced the broader S&P 500 since President Biden's election victory, but the road ahead will be tougher.
TheStreet Quant Ratings rates Morgan Stanley as a Buy with a rating score of B.
5. Ford Motor Company | -8.59% 5 day | +19.39% 1 Month
Jim Cramer recommended buying the dip Ford Motor Company after earnings. Ford was one of the stocks to consider after Tesla under the Biden administration.
Ford and Google shares rose Monday after the companies signed a partnership to produce connected vehicles powered by Google's Android operating system.
TheStreet Quant Ratings rates Ford as a Hold with a rating score of C-.
6. Peloton | -8.53% 5 day | -2.64% 1 Month
Peloton was downgraded by UBS to sell. UBS lowered its price targets to $124 from $158.
TheStreet Quant Ratings rates Peloton as a Sell with a rating score of D+.
7. General Motors | -8.52% 5 day | +21.91% 1 Month
General Motors announced a plan to phase out gas and diesel cars by the year 2035.
TheStreet Quant Ratings rates General Motors as a Hold with a rating score of C+.
8. Twilio | -8.31% 5 day | +2.55% 1 Month
Twilio is up for the year but fell this past week. It got a positive outlook this past week from Morgan Stanley.
TheStreet Quant Ratings rates Twilio as a Hold with a rating score of C.
9. Shopify | -8.20% 5 day | -6.23% 1 Month
Shopify banned the Trump campaign store this past month after the attacks on the Capitol along with several social media companies.
TheStreet Quant Ratings rates Shopify as a Hold with a rating score of C.
10. Roku | -8.00% 5 day | +14.57% 1 Month
Roku received a bullish note this past week by Bank of America but fell after the price target was raised.
TheStreet Quant Ratings rates Roku as a Hold with a rating score of C-.
NOTE: Recently, Quantitative Analysis by TheStreet Quant Ratings objectively rated these stocks according to its risk-adjusted total return prospect over a 12-month investment horizon. Not based on the news on any given day, the rating may differ from Jim Cramer's view or that of this articles' author.
Ford is a key holding in Jim Cramer's Action Alerts PLUS charitable trust. Want to be alerted before Jim Cramer buys or sells any stock? Learn more from Cramer and his membership team now.
This article was originally published by TheStreet.