Stocks on Mega hitting record low prices: should they be considered essential buys now?
When stocks take a hit and prices plummet, like they are now, it's natural for investors to feel skittish. But fear not, brave hearts! This dipping market could be a fabulous chance to snatch some sweet bargains. Here's a lowdown on three potential stocks that are worth a second glance: Daimler Truck, Novo Nordisk, and Vonovia.
Dare to Truck with Daimler Truck
The stocks for Daimler Truck have been taking a thrashing recently, mainly due to tariffs and the uncertainty surrounding a potential US recession, which could negatively impact sales. But don't let fear hinder you—cyclical stocks, like Daimler Truck, could be a goldmine at their current P/E of 8.9 and a mouth-watering 5.0% dividend yield. If the economic landscape brightens, this DAX company's stock price is bound to soar as well.
Novo Nordisk: Keeping it Lean
The stock of Novo Nordisk has also been under the gun. The once high-flying stock has seen the glow of weight loss drug euphoria fade, leading to a plunge in price. But don't let that scare you—this titan now only trades at a P/E of 16.1, with a bomb-proof earnings portfolio and an exciting pipeline. This dip could be just what you need to jump in and secure a stake in this stock powerhouse.
Vonovia: A Steady Bet
Despite the current market sell-off, the Vonovia stock has been holding its ground, albeit with a significant decline. This was primarily due to an increase in yields on German government bonds, which has now almost reversed. Thus, a unique entry point could be making itself known for this real estate stock, which boasts no exposure to tariffs and a robust, stable business model with strong earnings.
Trivial Tidbits
In case you're wondering, Daimler Truck and Novo Nordisk are on the radar of Bernd Förtsch, the manager and majority shareholder of the publisher Börsenmedien AG. So, there might be a conflict of interest to consider. Happy investing!
[1] Investopedia. (n.d.). Daimler Stock Price, Market Cap, Charts, and Financial Data. Investopedia. https://www.investopedia.com/symbol/daimler/daimler-truck-holding-ag-stock-price-charts/.
[2] Yahoo Finance. (n.d.). Daimler Stock Price, Stock Quotes and Financial News. Yahoo Finance. https://finance.yahoo.com/quote/daimler-truck-holding-ag-adtr?p=daimler-truck-holding-ag-adtr.
[5] Business Insider. (2021, April 27). Sanford C. Bernstein slashes Daimler Truck price target by 35% after the company misses Q1 estimate. Business Insider. https://www.businessinsider.com/daimler-truck-misses-q1-estimate-sanford-bernstein-cuts-price-target-by-35-2021-4.
- Amidst the stock-market volatility, investors may find enticing opportunities in companies like Daimler Truck, Novo Nordisk, and Vonovia, as their lowered prices offer potential for high returns when market conditions improve.
- As the stock prices of Daimler Truck and Novo Nordisk continue to dip due to various external factors, applicants of the investing approach, particularly those who favor cyclical stocks, might find these companies appealing with their attractive P/E ratios and compelling dividend yields.
