Stocks to buy in any stock market drop
Stocks to buy in any stock m...
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Stocks to buy in any stock market drop

30 October 2021
4025
2 min.
12
Stocks to buy in any stock market drop

Stocks to buy

Experts of investment companies say: the fall of the stock market opens the most profitable stocks to buy.

AMD a stock to buy in any stock market downturn

Advanced Micro Devices (AMD) stock fell 8% in September, but has already made up for that loss by half in October, up 16.2% since the beginning of the month.

AMD stock is now one of the most attractive in the semiconductor industry, as the company demonstrates steady growth in profits and sales, regularly exceeding market analysts' forecasts.

Cloudflare

Shares of cloud internet services company Cloudflare (NET) experienced a drop of just 6 days in September, losing 18% in the process.

That drop was followed by a strong 37% gain (from 10/1 to 10/17/2021), with Cloudflare stock rising without a pullback for 2 consecutive weeks.

Since the beginning of 2021, Cloudflare stock is up 135%.

Upstart

Upstart stock has grown an incredible 670% since the beginning of 2021, and its market capitalization has reached $25.3 billion.

Analysts at investment bank Jefferies predict that Upstart will capture a 40% share of the U.S. personal loan market and a 7% share of the auto loan market.

Tesla

Shares of Tesla (TSLA) surpassed $1,000 this week, and the company was valued by the market at $1 trillion.

Tesla has traditionally received cautious valuations from skeptical analysts, but most of them raised their target price for Tesla stock in October after posting record quarterly earnings.

Alphabet

Alphabet's stock jumped nearly 5% Wednesday after the digital advertising giant reported Q3 revenue and earnings above market analysts' estimates.

Fifteen Wall Street analysts raised their price targets on Alphabet stock, even though it is already up 66.85% YTD and 82.9% in the past 12 months, the most among FAANG stocks (Facebook, Apple, Amazon, Netflix, Google).

Netflix

After a short-term decline in September, Netflix stock is up 13.5% over the past month.

Although Netflix's earnings are volatile from quarter to quarter, because they depend on the cost of making movies and TV series and their success, the company's revenues have been growing for the past 17 quarters in a row.

Affirm

The IPO of 2021 fintech company Affirm Holdings (AFRM) was a success, with shares soaring 98% on the first day of trading on Nasdaq on Jan. 13. After that, however, the stock lost nearly 70% of its value.

Seven analysts at investment firms raised their target prices for the financial-tech company's stock.

Companies12 in the news

Cloudflare
1 place
Jefferies Group
2 place
Upstart
3 place
Affirm
4 place
Nasdaq
5 place
Netflix
6 place
Tesla
7 place
Meta (Facebook)
9 place
Apple
11 place
Amazon
12 place
Section:
Rating companies
Instagram
18 Mention
Netflix
15 Mention
X (Twitter)
12 Mention
TikTok
8 Mention
White House
7 Mention
JP Morgan Chase
7 Mention
Us Weekly
7 Mention
Tesla
7 Mention

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Alena Potapova

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