26 Cheap Stocks to Buy Now That Omicron Has Hammered Markets: Wells Fargo

Dec 02, 2021

26 Cheap Stocks to Buy Now That Omicron Has: Wells Fargo - News

According to Wells Fargo's senior equities analyst Chris Harvey, it may be time to do some holiday shopping in the stock market rather than the malls.

"It might be a little early to purchase the stock market," Harvey wrote in a research note titled "Holiday Sale!" on Wednesday, "but perhaps a few "Black Friday deals" are ready for the shopping basket."

American Express, Ralph Lauren, Expedia, Hyatt Hotels, and Schlumberger are among the 26 stocks listed by Harvey as viable buys right now (see list below).

All of the stocks on the recommended list meet the following critical Harvey criteria: (1) Wells Fargo analysts rate them all as Overweight (Buy); (2) the stocks have dropped 10% or more since November 8; they have positive long-term momentum; a reasonable net debt to EBITDA ratio (earnings before interest, taxes, depreciation, and amortization); a quality return on equity ratio; and a market cap of at least $3 billion.

"For the first time since the market began to decline, we anticipate the true holiday sales will be in the stock market, not online or at the mall," Harvey adds.

https://liquidity-provider.com/app/uploads/2021/12/unnamed-15.png

Wells Fargo releases a helpful list of potential stocks to buy now that markets are off their highs.


Harvey's purchase list comes as markets continue to experience turbulence, which began with the Dow Jones Industrial Average losing 1,000 points or more the day after Thanksgiving.

In Tuesday's trade, the Dow Jones Industrial Average fell 652 points, while the Nasdaq Composite and S&P 500 were also in the red. Except for Apple and Merck, all 30 Dow components were in the negative for the session.

Stocks were hammered by a one-two punch of Omicron variant fears and Federal Reserve Chairman Jerome Powell's unusually hawkish comments to legislators.

"This tone is unlike anything he's used in the last three years... and that, by itself, indicates a substantial shift in policy by the chairman and the Federal Reserve as a whole. In other words, the Fed's 'gradualism' strategy of the last year is no longer in effect. As a result, the way investors should think about the 'Don't fight the Fed' strategy has shifted dramatically this week" Miller Tabak's chief markets strategist, Matt Maley, stated.

Markets attempted a recovery on Wednesday, but by afternoon trading, equities had fallen well short of their session highs after the United States verified its first case of the Omicron variety, according to Yahoo Finance's Emily McCormick.

Subscribe Our Newsletter

Morning Brief: From Sugar Rush to JPMorgan Russian Bond Payments
Morning Brief: From Sugar Rush to JPMorgan Russian Bond Payments

Annual inflation in Russia hit its highest level since late 2015 on March 11, and sugar prices increased 12.8 percent in the past week, according to figures released Wednesday by the statistics service Rosstat.The authorities have stated that there is no reason to rush to purchase food goods.

Banks and Finance
Analysts Cut Targets for Snap, Twitter Amid Apple Challenges
Analysts Cut Targets for Snap, Twitter Amid Apple Challenges

Stocks in social media platforms Snap and Twitter have struggled in recent months as a result of Apple's ad tracking privacy rules. Loop Capital analysts recently lowered their targets on both.

Companies
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Constantine

Complete Guide to the Over-the-Counter (OTC) Market
Learn about what OTC markets are, how they work, and what types of financial instruments are traded in such markets.

discover
Full Bitcoin Price History: From 2009 to 2022

Alexander

Full Bitcoin Price History: From 2009 to 2022

Bitcoin is the most prominent cryptocurrency in circulation today, accounting for more than 41% of the crypto sector – although compared to the centuries-long US stock market, it is still in its infancy.

Fintech
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.