5 Beaten-Down Stocks Of Nasdaq ETF With Upside Potential

Cadence Design Systems Inc. (CDNS - Free Report): This company offers products and tools that help customers design electronic products. It has seen a positive earnings estimate revision of 14 cents for this year over the past month and has an estimated earnings growth rate of 7.9%. The stock presently has a Zacks Rank #2 and a Momentum Score of A. Cadence Design has been down about 13% in a month and makes up for 0.3% in QQQ portfolio.

KLA Corporation (KLAC - Free Report): It is an original equipment manufacturer (OEM) of process diagnostics and control (PDC) equipment and yield management solutions required for the fabrication of semiconductor integrated circuits (ICs) or chips. The stock has seen a positive earnings estimate revision of 50 cents over the past 30 days for the fiscal year (ending June 2021) and has an expected earnings growth rate of 29.9%. KLA Corporation makes up for 0.4% allocation in QQQ and has lost about 9% in a month. The stock currently has a Zacks Rank #2 and a Momentum Score of B.

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