The Nasdaq dropped 9.2 percent in October amid fears of slowing growth.
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| Here's what stocks are worth looking at this holiday season. The closing numbers are displayed after the closing bell of the Dow Industrial Average at the New York Stock Exchange on Oct. 31, 2018 in New York. Photo: Bryan R. Smith/AFP/Getty Images |
By Jake Richardson, International Business Times
Investors appeared to have been spooked in October by worries of slowing growth, higher interest rates and trade wars, as the Nasdaq dropped 9.2 percent, while the S&P 500 fell by almost 7 percent. While stock market volatility in recent weeks may have rattled some wary investors, some experts see opportunities despite a recent downturn.
The Motley Fool on Wednesday listed five stocks to consider: Alphabet (GOOGL), Ollie’s Bargain Outlet (OLLI), Amazon (AMZN), Moody’s (MCO), and Square (SQ).
The Motley Fool noted that Alphabet might be worth considering because its quarterly revenue has been strong and the company has eight products with at least 1 billion users.
It also touched on two retailers. Ollie’s Bargain Outlet, a brick-and-mortar retailer that boasts the slogan "good stuff cheap," a has been experiencing steady growth in sales and profits. Shares of Amazon have taken a big dip in recent weeks, but the company isn't just a retailer, with Motley Fool noting the "higher-margin Amazon Web Services (AWS) cloud computing operations," which increased 46 percent yearly last quarter.
Motley Fool also pointed out that shares of Moody’s, a bond-rating agency, were "trading in bargain territory" and that "the stock is trading for less than 17 times next year's earnings estimates and offers a dividend yield" of 1.2 percent. Lastly, Square, a mobile payments company, which has seen its shares plunge about 30 percent, "still has the same massive long-term potential that it did as a $100 stock."
Investor Place, meanwhile, published a list of seven stocks. Along with Amazon, Investor Place listed six other stocks: TJ Maxx (TJX), GAP (GPS), Starbucks (SBUX), Louis Vuitton (LVMUY), Lululemon (LULU), and Restoration Hardware (RH).
On Friday, Josh Enomoto, a contributor for Investor Place, also touched on seven stocks to consider during a volatile stock market. One stock of note was CME Group (CME), the world's leading and most diverse derivatives marketplace. Enomoto points out that during the market fallout, CME gained seven percent.
Ben Kirby, a portfolio manager for Thornburg Investment Management, appeared on CNBC this week and also offered a positive assessment for CME Group due to the turbulent stock market
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