In the Monthly Picks series, we highlight 3 stocks identified as undervalued by our prediction model. Here, we describe one indicator showing good readings for each stock. We also bring you the latest news regarding these companies.
Starting this month, we will report on the market sentiment of each of these stocks, as well. We use our software for analysis of financial texts of news to gather all the published articles from reputable sources that mention our Monthly Picks. Next, we use this software to determine whether the overall sentiment of each article was positive, neutral, or negative. Lastly, we compare the number of positive, neutral, and negative articles for each mentioned stock in the last 90 days.
You can invest in these companies individually or sign up to our Analytical Platform application to invest in our proven stock-investing strategies that include these companies.
Among the most undervalued stocks for April are:
Capital One Financial Corporation (COF)
Currently have relatively high earnings per share (EPS). The earnings per share indicator tell us how much profit is a company making for each share outstanding. A higher EPS is always viewed better by investors because it means that a company is profitable. Remember that the EPS indicator has to be compared with the stock’s price to determine whether a stock is undervalued or overvalued.
Charter Communications, Inc. (CHTR)
Its price to tangible book value (PTBV) has decreased in the last 126 trading days. The price to tangible book value indicator (PTBV) compares the company’s market capitalization to all of its assets minus intangible assets (intellectual property, goodwill) and liabilities. A lower PTBV is considered better than a high PTBV and might be a good buy signal.
Comcast Corporation (CMCSA)
Comcast has one of the highest autocorrelations of all measured stocks. Autocorrelation is a technical indicator that measures how much are the historical prices correlated with the current prices. If a stock’s price rises and its autocorrelation is high, we can presume that its price will keep surging.