When stock market indices trade at all-time highs, investors may look for cheap stocks to reduce valuation risks. Still, this method does not work if the company is broken.
Amcor broke down from its $11.00 support level, falling by 7.82% on Nov. 1, 2024. It reported a -2.6% change in revenue, to $3.35 billion. The firm identified driving better organic volume growth as its biggest opportunity. To achieve that, it needs higher service quality. In addition, it will leverage its innovation capabilities. That requires leveraging its product portfolio across global markets.
AES Corporation (AES) dropped by 9.85% last Friday and lost 14% on the week. The firm recorded a 4.1% drop in revenue Y/Y to $3.29 billion. It reaffirmed its EPS growth target of 7% to 9% through 2025. AES stock is cheap but investors are fearful of its lower revenue and rising debt payments. However, if the Fed cuts rates throughout the next year, AES will have lower debt costs.
Trading like a darling stock for weeks, Trump Media (DJT) lost 21.54% in the last week. Ahead of the U.S. presidential elections tomorrow, speculators are dumping the stock. Short-sellers hold a 17.54% short float against the stock.
Among the mega-sized firms, Apple (AAPL) dipped slightly while Tesla (TSLA) pulled back. Neither stock is cheap on a P/E measure. Still, buyers may accumulate on the dip, betting on a rebound.
