Jesse Cohen, a senior financial analyst at Investing.com, picked three cheaply priced US stocks that have upside potential during the turbulent September.
Goldman Sachs
Despite fears that the economy is on the brink of a recession, Goldman Sachs shares fell 14.6% compared to nearly 18% for the S&P 500.
These shares have soared in recent weeks, rising 17.5% from hitting a 52-week low in mid-July at $277.84.
Despite the recent twist, Goldman Sachs shares remain 23% below their November 2021 highsat US$426.16.
Ford
Ford has seen its valuation plummet in recent months, with its shares falling nearly 28% annually in the face of a global shortage of semiconductor chips and other supply chain problems.
After hitting a 20-year high of $25.87 in January, Ford — which is nearly 42% below its latest peak — quickly plunged to a low of $10.61 on July 5.
Since then, shares have staged an impressive rally as they try to recover from a year-long selloff, and the Detroit-based automaker’s market capitalization stands at $60.4 billion.
FootLocker
Foot Locker shares struggled this year, falling 18% in 2022, as Americans cut spending on discretionary items and shift more spending toward basic needs.
Still, the stock rallied sharply from hitting lows in July, rising 50% above the recent 52-week low of $23.85.
Source: Ambito
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