Stocks Offer Value Despite Market Volatility: Microsoft, Clorox, Medtronic Trading at Discounts
-
Microsoft reported solid Q3 results and provided strong guidance. The acquisition of Activision has closed. Stock is rated 4 stars and trades at an 11% discount to fair value.
-
Clorox stock has plunged from pandemic highs as sales growth stalled. Margins should improve as inflation slows. Stock is rated 4 stars and trades at a 30% discount.
-
Medtronic is well positioned for aging boomer population. Stock is rated 5 stars and trades at a 38% discount. Yields 4% dividend.
-
NiSource utilities stock has longest growth runway according to analysts. Stock is rated 5 stars and trades at a 24% discount. Yields 4% dividend.
-
Defensive sectors are trading close to fair value, but some specific stocks like Clorox and Medtronic offer value. Volatility may continue, so Microsoft is a quality stock trading at a slight discount.