Undervalued Stocks? CROX, UNH, ENGH.TO, and EVVTY
Hey everyone,
Here are some of our newest buy ratings. We believe these stocks present good value and have great fundamentals.
As usual, this is not financial advice, and most of these stocks are in downtrends, so they can trend lower for quite some time before *potentially* reversing higher.
The stocks are CROX, UNH, ENGH.TO, and EVVTY.
1. Why CROX Stock Can Potentially Double from Here
Crocs (CROX) sells the famous Crocs shoes. Whether you like them or not, they make money globally.
CROX is fundamentally strong but got caught in the recent market downturn, leaving it at a very low valuation when considering its current and future earnings. Its come a long way down from its highs near $184 and has a forward P/E ratio near 6x.
Find out what makes CROX a good business by clicking the link below.
2. UnitedHealth Stock: Analysts See 21% Upside Potential
UnitedHealth Group (UNH) is a diversified healthcare insurance company. It is one of the biggest companies in the world, with a market cap of $455 billion.
UNH has a big, quantifiable competitive advantage that has allowed it to grow into such a big company in the first place. It is also very efficient with its operations and is a predictable company. This is good for investors with a lower risk tolerance.
Not to mention, this stock is actually in an uptrend still, and is right at a support, as you can see in the chart above. Find out more by clicking below.
3. Enghouse Stock: A Disciplined Growth Story
Enghouse Systems (TSX: ENGH) (OTC: EGHSF) is a Canadian company that develops enterprise software solutions.
This is one of our favorite stocks, especially when it comes to acquisitive companies. Some investors may be turned off by companies that make many acquisitions because sometimes, a lot of debt or stock dilution is involved to make these deals happen.
However, ENGH is not one of these companies. It grows through acquisitions in a responsible manner, has high returns on capital, and it is trading at a cheap valuation (it is 58% off its highs).
Find out why we like ENGH stock:
4. Evolution Gaming: A High-Rolling Online Gambling Stock
Evolution Gaming (EVVTY) develops, produces, markets, and licenses B2B casino solutions to gaming operators. One of its well-known customers is the gambling company DraftKings (DKNG). EVVTY makes money off companies like DKNG while DKNG, well, loses money.
We see Evolution Gaming as a very profitable way to play the growing online gambling trend. It has a competitive advantage and is efficient with its capital. It may be worth buying right now, about 50% off its highs.
Find out more by clicking below:
Besides these bullish ratings, we also wrote a more negative article on Eastman Kodak (KODK) stock titled Why Eastman Kodak is Likely Manipulating Its Earnings, in case you’re interested in reading that.
Thanks for reading. Hope you found this article useful!
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