More Discounted Stocks
A couple of days ago, I ran a screen of tech stocks that have been beaten down in the past few months but have projected double digit growth. Now I am expanding that screen to look at the entire S&P 500 .
Year to date, the S&P 500 is down ~8%. Telecoms and Tech are the two worst performing sectors, down 15% and 13% YTD respectively. Materials and Consumer Staples, while down 2% and 3% respectively, lead the pack. Here are S&P 500 stocks that may be on the cheap, down over 30% in the past three months but with double digit earnings growth forecasts for the next fiscal year.