Many undervalued stocks have faced significant declines amidst the market selloffs in late-2021 and throughout the year 2022. Despite the overall market recovery, these neglected stocks have remained stagnant, some even slipping further. Yet, beneath the surface, their businesses have continued to thrive, despite the lackluster performance of their shares.
Opportunity in Disguise: RingCentral (RNG)
RingCentral (NYSE:RNG) is akin to a coiled spring, compressed and awaiting release. Sharing similarities with Zoom (NASDAQ:ZM), RingCentral’s stock meanders sideways, mirroring Zoom’s trajectory. The pandemic catapulted companies like RingCentral and Zoom into the limelight, only to witness a subsequent decline post-pandemic. However, RingCentral stands as a compelling buy, priced lower than its pre-COVID levels. With the ongoing work-from-home culture and the surge of AI and metaverse trends, the future holds promising growth prospects for RingCentral.
Potential Takeoff: Bombardier (BDRBF)
Bombardier (OTCMKTS:BDRBF), a Canadian business jet maker, has soared in the skies of success amidst a thriving demand for its aircraft. Fueled by Trump’s tax incentives that allowed jet write-offs as business expenses, Bombardier and its peers reaped substantial profits. Despite a slight dip in stock performance over the past year, the company has witnessed a remarkable 53% surge since October, fueled by soaring jet demand outstripping expectations.
Unmasking Potential: JD.Com (JD)
While Chinese tech stocks may have weathered a storm of uncertainty, now is the opportune moment to seize discounted stocks before their resurgence. China’s recent tech crackdown, alongside economic deceleration, caused a significant dip in stock prices. However, with new stimulus packages on the horizon, the tide is turning, propelling stocks like JD.Com (NASDAQ:JD) back into the limelight. With China’s e-commerce sector poised for a 10.1% CAGR through 2029, JD.Com stands ready to reignite growth and defy expectations.