5 Beaten-Down Stocks Of Nasdaq ETF With Upside Potential

A number of stocks have incurred heavy losses over the past month. Below, we highlighted five such stocks from the ETF that were hit badly in the tech rout but might reverse the trend, given their solid Zacks Rank #1 (Strong Buy) or 2 (Buy) and positive earnings estimate revisions in a month, suggesting bright prospects.

Below we highlighted these five bargain stocks in the ETF with their respective positions in the fund’s basket:

Bargain Stocks of QQQ

Moderna Inc. (MRNA - Free Report): It is a clinical-stage pharmaceutical company, primarily focused on discovering and developing messenger RNA (mRNA)-based therapies. The stock has plunged about 34% in a month and accounts for 0.4% in the fund’s basket. It saw a solid earnings estimate revision of $8.86 over the past month for this year and has an expected earnings growth rate of more than 1000%. The stock currently has a Zacks Rank #2 and a VGM Score of B.

NVIDIA Corporation (NVDA - Free Report): It is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit or GPU. The stock has plunged about 20% in the same time frame and takes the eight spot in the fund’s basket with 2.49% allocation. Nvidia saw a solid earnings estimate revision of $1.65 over the past 30 days for the fiscal year (ending Jan 2022) and has an expected earnings growth rate of 32.7%. It presently has a Zacks Rank #2 and a Growth Score of B.

Align Technology Inc. (ALGN - Free Report): This company manufactures and markets a system of clear aligner therapy, intra-oral scanners, and CAD/CAM (computer-aided design and computer-aided manufacturing) digital services used in dentistry, orthodontics and dental records storage. This stock makes up for 0.3% share in the fund’s basket and has shed about 18% of its value in a month. The company witnessed a positive earnings estimate revision of 33 cents for this year and its earnings are estimated to grow 73.14%. The stock currently has a Zacks Rank #1.

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any ...

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