Stock to Watch: Boeing Company (NYSE: BA) - The company currently has a forward PE of 49.3 and an average forward PE in the last five years of 107.6, which means it currently has a 54.2% discount on its stock price relative to earnings.
- The company currently has a buy rating from 65.4% of Wall Street analysts, with a 45.9% upside to its target price.
- So far this year, the stock is down 33.5%.
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Stock to Watch: Delta Air Lines (NYSE: DAL) - The company currently has a forward PE of 7.6 and an average forward PE in the last five years of 32.2, which means it currently has a 76.3% discount on its stock price relative to earnings.
- The company currently has a buy rating from 80% of Wall Street analysts, with a 40.7% upside to its target price.
- So far this year, the stock is down 13.3%.
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Stock to Watch: Teledyne Technologies Incorporated (NYSE: TDY) - The company currently has a forward PE of 19.9 and an average forward PE in the last five years of 27.8, which means it currently has a 28.5% discount on its stock price relative to earnings.
- The company currently has a buy rating from 62.5% of Wall Street analysts, with a 28.5% upside to its target price.
- So far this year, the stock is down 13.8%.
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Stock to Watch: Generac Holdings Inc (NYSE: GNRC) - The company currently has a forward PE of 13 and an average forward PE in the last five years of 21.6, which means it currently has a 39.7% discount on its stock price relative to earnings.
- The company currently has a buy rating from 60.9% of Wall Street analysts, with a 53.1% upside to its target price.
- So far this year, the stock is down 66%.
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Stock to Watch: Alaska Air Group Inc (NYSE: ALK) - The company currently has a forward PE of 8.8 and an average forward PE in the last five years of 28.4, which means it currently has a 69.1% discount on its stock price relative to earnings.
- The company currently has a buy rating from 84.6% of Wall Street analysts, with a 44.3% upside to its target price.
- So far this year, the stock is down 17.7%.
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Stock to Watch: Meta Technologies (NASDAQ: META) - Meta was down more than 20% on Thursday after missing its earnings expectations on Wednesday night. The company's market cap has fallen from ~$1T to $270B in the last year.
- Zuckerberg has been spending extreme amounts on investing in metaverse technologies. This is a high-risk approach as the company's core business has not been growing.
- Some investors, however, see this as an opportunity because the reason that the stock is falling now is also a reason why the stock has a high upside.
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Stock to Watch: ServiceNow (NYSE: NOW) - Shares of ServiceNow were up more than 15% this week despite the general downfall in tech stocks.
- Many investors see the stock as a safe haven during a year that has seen the big tech companies lose $3T in market capitalization.
- Service Now has an average investor upside of 49.8% to its target price of $549.
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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. | |