Hey Insiders, Earlier this week, Adam Parker, the founder and CEO of Trivariate Research and the former chief of U.S. Equity Strategy at Morgan Stanley, put together a list of stocks that he believes are significantly underpriced and will experience growth in 2023. All these picks are made based on the fact that he feels these companies can have higher earnings in 2023 despite an economic downturn. We will look specifically at the Price-to-Forward-Earnings of these companies. Onward and Upward, |
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 Stock to Watch: Visa (NYSE: V) - Visa is a Software & Services company, so it is in an industry that has been broadly impacted by the negative trading sentiment this year.
- The company normally averages a Price-to-Forward Earnings of 24.6.
- Currently, the Price-to-Forward Earnings is 21.2, which is historically in the 29th percentile.
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 Stock to Watch: Qualcomm Incorporated (NASDAQ: QCOM) - Qualcomm is a Semiconductor company that has been incidentally impacted by the decline in tech stocks but benefited from the shortage of semiconductors this year.
- The company normally averages a Price-to-Forward Earnings of 18.1.
- Currently, the Price-to-Forward Earnings is 8.7, which is historically in the 0th percentile.
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 Stock to Watch: Paypal (NASDAQ: PYPL) - PayPal is a software and services company that has seen a significant decline in stock price this year.
- The company normally averages a Price-to-Forward Earnings of 32.
- Currently, the Price-to-Forward Earnings is 18.9, which is historically in the first percentile.
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 Stock to Watch: Booking Holdings Inc (NASDAQ: BKNG) - Booking is a consumer services company that was negatively impacted by the pandemic.
- The company normally averages a Price-to-Forward Earnings of 21.1.
- Currently, the Price-to-Forward Earnings is 14.4, which is historically in the fourth percentile.
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 Stock to Watch: Lam Research Corporation (NASDAQ: LRCX) - Lam is a semiconductor company that has been tangentially impacted by the decline in technology stocks.
- The company normally averages a Price-to-Forward Earnings of 14.3.
- Currently, the Price-to-Forward Earnings is 9.8, which is historically in the eighth percentile.
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 Stock to Watch: NXP Semiconductors (NASDAQ: NXPI) - NXP is another semiconductor company that is down so far this year.
- The company normally averages a Price-to-Forward Earnings of 13.8.
- Currently, the Price-to-Forward Earnings is 10.5, which is historically in the 13th percentile.
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 Stock to Watch: Microchip Technology Incorporated (NASDAQ: MCHP) - Microchip has suffered the same decline as other semiconductor stocks.
- The company normally averages a Price-to-Forward Earnings of 18.
- Currently, the Price-to-Forward Earnings is 10.7, which is historically in the first percentile.
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 |  | Liam Gill is a founder, lawyer and investor.
He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law in Vancouver, Canada.
|   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
