Top two best value and performance stocks in August 2020
As the stock market start to prosper at the beginning of August, we have seen huge recovery for most of the companies. The market outlook in terms of the value and performance has high capacity for investors comparatively to the last three months. NRG Energy Inc. and MGM Resorts are the best value stocks with the lowest 12-month P/E ratio.
MGM Resorts International: MGM is a holding company that through its auxiliaries claims and works casino resorts with share value of $21.45 and market cap of $7.6 billion with 12- month trailing price to earning P/E ratio of 2.8. This stock has been traded long from $18.50 a share up to $21.45 a share during this week. A potential upward momentum of MGM is at $30.8 as the price is representing above the 200-days EMA and possible breakout by the end of the month.
NRG Energy Inc: NRG Energy is a company that produces, offers, and disseminates vitality and gives energy administrations within the United States.
The share price traded today at $34.90 whereby the share price of this stock has stuck into a range between $33.01- $34.05 since the 15th of July. Moreover, with market cap of $8.2 billion and 12-month trailing P/E ratio of 2.2, is most likely will be traded up to $38.05.
As a result, those stocks, which are mentioned above, have the best value in the market because of the lowest P/E ratio. Since profits can be returned to shareholders within the shape of dividends and buybacks, a low P/E ratio appears you are paying less for each Dollar of the profit generated.
Everything posted herein is the Personal Opinion of the Author(s) and does not represent a statement made by TeleTrade. TeleTrade is providing this for informational purposes.
14 August 2020, 04:39 Gold Is Slightly Heading Up after Monday Price Collapse
10 August 2020, 05:38 U.S. Dollar Struggles to Gain Upside Momentum Despite Positive Unemployment Data
|remaining time till the new event being published|