According to Michael Bury, a market bottom may be near. Here Are 2 Stocks That Are Already Down

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Savvy investors can win on their trades whether the market is up or down, and no one knows that better. michael bury, Barrie, whose successes in profiting from the 2008 financial crisis were featured in the book and film the big shorthas turned its eye to historical analogies, pointing to reasons for optimism in today’s environment following the collapse of Silicon Valley Bank last week.

Referring to the Bank Panic of 1907, Barrie noted some parallels with today’s crisis. The Panic of 1907 was triggered by the collapse of the Knickerbocker, a major regional bank in York, which spread to two other regional institutions and then threatened to spread to the banking majors. But, Barry points out, the Panic of 1907 quickly burned itself out. The market hit the lowest level in just three weeks.

Describing the incident, Barrie wrote, “In 1907, the Knickerbocker Trust failed because of risky bets, causing a panic. Two others soon failed, and it spread. When a healthy trust But the race started, JPMorgan made a stand. 3 weeks later the panic resolved and the market went down. A stand was made this past weekend.

Now it remains to be seen whether history will repeat itself. Meanwhile, Wall Street analysts have pointed to two stocks that are already in ‘buy’ territory. These are equities that have been flirting with their lower lows recently, but offer solid upside potential going forward. We ran them through the TipRanks database to see what makes them attractive investment options right now.

match group ,mtch,

We’ll start with Match Group, a holding best known in the online world as the parent firm for some of the Internet’s most popular dating sites. Match’s subsidiaries include the eponymous match.com, as well as names like Tinder and OKCupid. In the industry, Match is known for introducing the now-ubiquitous ‘Swipe’ feature to mobile dating apps, and the company now claims that its brands are known worldwide, offered in 40 languages, and Available for dating demographic groups.

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While Match can boast that Tinder, its biggest brand, was the world’s top-grossing lifestyle and dating app in 2022, the company’s stock has still plummeted over the past year. MTCH shares have declined 60% over the past 12 months.

The drop in share price has come at the same time that Match has seen revenue and Income Missing Expectations. In the last reported quarter, 4Q22, the had revenue of $786.15 million, which was $1.2 million below forecasts. On the bottom line, the company’s EPS of 30 cents was 35% below analyst predictions, though it was a steep turnaround from the 60-per-share loss it reported a year earlier.

Even though revenue and earnings missed expectations, analyst Mario Lu remains optimistic about Match’s prospects going forward, noting that the is good at generating cash, and has several positive fundamentals in a environment. Are.

“We believe that MTCH has effectively transitioned over the past few years to a value stock due to its high-margin profile and strong cash flow generation. However, there remain risks to Given that Tinder payer growth doesn’t recover until 2H23 if macros continue to weaken, we believe the company’s strategy to focus on optimization to drive payer growth in FY23 is a prudent one given the past I was highly effective,” Lu said.

“We see limited downside for MTCH stock relative to the rest of our coverage due to 1) its profitable business model in a tighter credit environment, 2) our view of Tinder payer growth concerns, and 3) upside/downside from higher priced subscription levels.” Gross margin gains by sidelining the ad revenue opportunity and potentially lower/app store fees,” said the analyst.

In line with this bullish trend, Lu rates MTCH an Overweight (i.e. Buy), and sets a price target at $52, indicating a one-year upside potential of ~42%. (To see Lu’s track record, Click here,

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Overall, the stock includes 9 of 15 recent analyst reviews on Wall Street with 9 Buy and 6 Hold, for a Moderate Buy consensus rating. Price targets are more bullish with an average of $60.25, suggesting a strong 63% upside from the current trading price of $36.66. (Look MTCH Stock Forecast,

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Truest Financial ,TFC,

The second beaten stock we are looking at is Truist Financial, a ‘top 10’ commercial bank in the US market with a market capitalization of $43 billion and total assets of over $555 billion. The firm is based in Charlotte, North Carolina, and provides a full range of banking products and services to both retail and small business customers. Truist’s services include wealth management, specialty lending, corporate and investment banking, and commercial banking.

Shares of this bank are down 44% for the past 12 months — but the bulk of that share price decline has come since the March 8 collapse of SVB.

The drop in share price shows how ‘black swan’ events can affect sound financial performance. Truest saw positive results in both revenue and earnings in Q4 ’22. The top line of $6.3 billion posted a 12% y/y gain, while non-GAAP EPS of $1.20 was up 5.3% over last year. Even better, both results were above analyst forecasts; The top line beat $50 million, while the bottom line beat EPS by 2 cents.

In February, Truest announced its regular quarterly dividend. The payout was set at 52 cents per common share, the third in a row at this level; Truest has raised its dividend twice in the past 3 years. Payments expire March 1, and the annualized rate of $2.08 yields a solid 6.3%, which is more than triple the average found among S&P-listed firms, and one percentage point above the current rate of inflation.

Baird analyst David George explains in his coverage of Trueist that he believes this bank will survive the bullet SVB is about to take.

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“We believe the depository issues at SIVB will not resonate through the banking sector and were a function of the bank’s niche deposit base rather than a systemic issue. In contrast, TFC’s southeastern footprint provides one of the most attractive core customer bases in the US.” does … While other banks may struggle to generate PPNR growth in 2H23 and FY2024, we believe TFC’s strong fee business units (namely insurance and investment banking) should drive growth and mortgage And normal activity in capital markets activity could represent a significant tailwind,” George said.

Against this backdrop, it’s no wonder that George rates TFC as an Outperform (i.e. Buy), and a $53 price target means that it has ~67% one-year upside potential. (To see George’s track record, Click here,

Overall, the stock has a Moderate Buy consensus rating based on 14 recent analyst reviews, which break down to 5 Buys and 9 Holds. The stock is currently trading at $31.73 and an average price target of $52.38 implies 65% gains from that level over a one-year time horizon. (Look TFC Stock Forecast,

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To find great ideas for stocks trading at attractive valuations, visit TipRanks. best stocks to buyOne tool that brings together the Equity Insights from TipRanks.

disclaimer: The views expressed in this article are those of select analysts only. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.