Down but Not Out: 3 Stocks to Buy on a Post-Earnings Dip
About once every 90 days, publicly traded companies have to face their shareholders and let them know how their businesses have performed over the past quarter. Those earnings releases often bring with them all sorts of news that can move the market.
Sometimes that news is bad, which can knock a company's stock down. Yet that can provide an opportunity for investors to buy shares at a bargain price in a company that still look solid over the long term, despite facing some short-term pain.
With that in mind, three Motley Fool contributors went looking for companies whose earnings calls left their shares down, but not out. They found Starbucks (NASDAQ: SBUX), Datadog (NASDAQ: DDOG), and Bristol Myers Squibb (NYSE: BMY). Read on to find out why, and decide for yourself whether the market's short-term pessimism has created a long-term opportunity to pounce on.
Source Fool.com
Starbucks Corp. Stock
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
As a result the target price of 98 € shows a positive potential of 43.7% compared to the current price of 68.2 € for Starbucks Corp..
