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

Stocks to buy in any stock market drop

30 October 2021
3965
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:

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8166188548
Died this year
50931134
Born this year
125299604