London, UK — Stocks have taken a beating this year as the COVID-19 pandemic rages on. The S&P 500 ETF Trust (NASDAQ: SPY) is currently down 15% from its highs, while Invesco QQQ Trust (NASDAQ: MQN) has fallen 25%. While this correction has been painful for many investors, it could be just what your portfolio needs. Prices are currently at or near their pre-correction levels, and earnings reports later next month could provide a boost. CFDAdvanced broker says if you’re looking for an opportunity to buy stocks at a discount, now may be the time to act.
Meta Platforms (NASDAQ: FB)
Despite the challenges faced by the stock market this year, Meta Platforms (NASDAQ: FB) remains a solid company with strong fundamentals and the potential for growth. The P/E ratio of 13.9 makes it more affordable than some other tech stocks on Wall Street, making it an attractive option for investors looking to diversify their portfolios during difficult economic periods. While there is no guarantee that Meta Platforms will outperform the market in the short term, its long-term potential makes it a stock worth considering for investors with risk tolerance.
Facebook is one of the best stocks to buy for June according to Morningstar’s senior equity analyst Ali Mogharabi. He sees it has increased competition and margin pressure as well other factors leading up until now; this makes Meta sell at half its fair value estimate ($384) while still remaining attractive optically speaking. Facebook has faced a lot of scrutiny recently due to privacy concerns, but it is still one of the most popular social networking sites with over 2 billion users. It also has a diversified business model with revenue coming from advertising, payments, and other fees. In addition, Facebook has a strong balance sheet with over $40 billion in cash and investments. Therefore, despite the recent negative news, Facebook remains a strong company with a bright future.
FB has over 2.5 billion active monthly users and it’s the largest social networking company in the world because its revenue comes primarily from advertising, which accounts for well over 90% of its total earnings! FB also offers paid premium services to businesses and developers. The social networking company has been incredibly successful in monetizing its platform and user base. In addition to advertising, FB also generates revenue from selling user data to third-party developers and researchers. The Cambridge Analytica scandal highlighted the potential risks associated with FB’s business model, but the company has continued to generate massive profits. FB is currently facing several antitrust investigations, but it remains the dominant player in the social networking space.
Cirrus Logic (NASDAQ: CRUS)
Even though Cirrus Logic is down about 17% from its 52-week high, it’s still one of the best stocks to buy. The company’s main product is audio chips, and it has been seeing strong demand for its chips from customers such as Apple and Samsung. In addition, Cirrus Logic has been diversifying its customer base and expanding into new markets such as automotive and industrial. As a result, the company is well-positioned to continue growing its top line. Furthermore, Cirrus Logic is trading at a discount to its five-year average price-to-earnings ratio, making it an attractive stock for value investors. Consequently, despite its recent pullback, Cirrus Logic remains a compelling investment opportunity.
CRUS is a company that designs and manufactures semiconductors. The process of designing chips, sending them off for production then selling the finished product makes CRUS one of many chip manufacturers in today’s marketplace. They save money by outsourcing this task as well as getting access to all types of devices needed with their research & development capabilities which give customers across North America an opportunity at buying high precision or portable products from these experts when they need it most!
Cirrus Logic has enjoyed a surge in sales over the past year, thanks in large part to its successful acquisition of On Track Innovations. The purchase of OTI has allowed Cirrus Logic to continue producing high-quality products for businesses across America, and the company is now seeing a 30% growth in sales. This is great news for shareholders, and it looks like Cirrus Logic is well on track to continue its success in the years to come. Thanks to OTI, Cirrus Logic is able to offer an even wider range of products and services, and there is no doubt that this will help the company maintain its position as a leading provider of innovative solutions. With strong growth prospects and a solid portfolio of products, it is clear that Cirrus Logic is poised for continued success in the years ahead.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.