The rally we noted last month continued in February, with the S&P up another ~5%. Are there any compelling investment ideas out there that may have flown under your radar?
Below is a list of February Buy recommendations made by analysts who had no other bullish recommendations over the past 3 months.
For your directory assistance, we've classified the opportunities by sector.
HP Inc. (HPQ) - Value investor The Popular Investor says HP is undervalued while its strong market share positions it for growth in the rebounding PC market and a focus on innovation aligns with future growth areas. - HP Inc.: A Promising Investment In The Evolving PC And Printing Industry
Advanced Micro Devices (AMD) - Long/Short equity investor HedgeMix says AMD is perfectly positioned to benefit from the expected growth of the market for AI with a strong product portfolio and it is a bargain vs Nvidia. - AMD: Ready To Conquer The AI Boom
Gilead Sciences (GILD) - Value investor Pink Sands Value Investor says the sell off is a buying opportunity as its business prospects are improving while it has a strong pipeline of drugs and catalysts. - Gilead Sciences: 2024 Catalysts Should Drive Growth And Change In Sentiment
Teva Pharmaceutical (TEVA) - Value investor Matthew Zeets says TEVA has shown signs of recovery with revenue growth and stabilized operating income and its portfolio of biosimilars could be a further catalyst for growth. - A Review Of Teva's Prospects
Madrigal Pharmaceuticals (MDGL) - Biotech investor C. C. Abbott says the sell off is a buying opportunity (and the shares have rallied since the article was published) as the threat to MDGL's Resmetirom's NASH market opportunity seems overblown. The analyst sees a potential upside of up to ~240% if/when their NASH drug is successfully approved and launched. - Madrigal Pharmaceuticals: Perceived Threat From Eli Lilly Is Overblown
TG Therapeutics (TGTX) - Flourishing Capital, whose Chief Investment Officer has 30 years of experience, says the opportunity to achieve $1 billion in net product sales for BRIUMVI is very attainable as BRIUMVI offers market fit and a competitive edge (and the shares have rallied since the article was published). - TG Therapeutics: Inferred Expectations Point To Undervalued Shares
Molina Healthcare (MOH) - Value investor Value Oriented Research says MOH remains undervalued with room for growth, with the potential to expand margins as they enter new markets, along with positive impacts from an acquisition. - Molina Healthcare: Momentum Builds As Membership Guidance Comes In Strong
Fiserv (FI) - Former buy-side analyst The Value Puzzle notes that the 2024 outlook is positive with continued growth and margin expansion expected, and there is an upside even with a conservative DCF analysis. - Fiserv: Currency Effects Distort Organic Growth Rates But Still A Buy
Blackstone Secured Lending Fund (BXSL) - Longtime analyst Small Cap Capital says BXSL is managed by a world-class manager with a compelling return profile and downside-protected 11% dividend yield with 1.25x coverage. - Blackstone Secured Lending: A Great Place To Park Your Cash In 2024
Kaspi (OTC:KSPI) - Value investor Jonquil Capital says the strong financials and growth trajectory of this “super app” make it an attractive investment opportunity. - Kaspi.kz: Dominant Business With More Room To Grow
Assured Guaranty (AGO) - Event-driven and special situations investor Haketia provided an earnings preview, and AGO subsequently reported strong results, and the analyst says that the main driver of share price movement will be the buyback program and the prospect of a special dividend. - Assured Guaranty FY23 Results Preview: Focus On Buybacks But Is The Insurance Business Still Loss Making
MarketAxess (MKTX) - DividendRodeo, who focuses on dividend growth investing, says MKTX appears attractive based on valuation, growth projections, a large and growing addressable market, and a fortress balance sheet. - High-Quality Dividend Growth Near 52-Week Lows: MarketAxess Is Magnificent (Rating Upgrade)
Boston Omaha (BOC) - Growth at a reasonable price investor Financial Engineering says the market is significantly undervaluing Boston Omaha's assets, it has growing cash flows, a net cash position, and multiple options for future growth. - Boston Omaha: The Cash Is Starting To Roll In
Meta (META) - Macro-focused investor Macro Realist says META is a blue-chip stock poised for a strong 2024 due to the “risk-on” environment and potential to ramp profitability of messenger apps and Reels at a faster pace. - Meta Has Room To Run And Potential For Outperformance
Iridium Communications (IRDM) - Chimerix Research, who focuses on overlooked opportunities and special situations, says the drop after earnings was an overreaction and the current low equity valuation provides a margin of safety. - Overreaction To Capex Guidance Makes Iridium Communications Cheap
Creative Realities (CREX) - Samuel McColgan, who focuses on microcaps, says CREX is positioned for impressive growth in 2024 while trading at a mere 4x multiple of next year's estimated EBITDA (and the shares have rallied since the article was published). - Creative Realities Poised For An Impressive 2024
Farmer Bros. (FARM) - Value investor Mark Krieger says there is a 50% upside by year's end, as it has a history of successful turnarounds and once again produced a strong second quarter earnings report. - Farmer Bros. Coffee Gets Hot
United-Guardian (UG) - Value investor Cook Capital Management says temporary setbacks have given investors a great entry point before a recovery and catalysts include new markets and potential dividend increases. - United-Guardian: Solid Balance Sheet, Solid Dividend, Strong Potential Upside
Canterbury Park (CPHC) - Tim Paul, who focuses on small-cap stocks, says the stock is trading at a significant discount relative to cash flow, real estate joint venture partnerships should begin to return meaningful profits in the form of dividends and proposed sports betting legislation could provide a new revenue stream. - Canterbury Park Holding: Real Estate Monetization Adding Significant Cash To This Undervalued Stock
Amazon (AMZN) - Longtime analyst Matthew Levy says AMZN is positioning as a strong contender in the streaming market and to continue growing its Prime membership base while also expanding margins. - Amazon: Gaining Momentum In The Streaming Wars
BYD (OTCPK:BYDDF) - Portfolio manager Roman Vitasek, CFA says that despite a temporary slowdown in the growth of EV sales, the global outlook for electric car sales remains positive, and it is a major contender in the battery market, providing it with a competitive advantage. - BYD - Plenty Of Growth Ahead
Alibaba (BABA) - World Markets, who focuses on Elliott Wave Theory, says BABA is a good contrarian play due to its low valuation and potential for a bullish move. - Alibaba: Jack Ma And Joe Tsai Are Buying - Should You?
Sun Country Airlines (SNCY) - Collin Sclesky, who focuses on airlines, says SNCY presents a unique opportunity for value investors as it is well-managed and trades at a discount to peers. - Sun Country Airlines Is Ready For Takeoff
AerSale (ASLE) - Longtime analyst Jay Yoon says ASLE offers over 100% upside and significant downside protection, as it has seen a sharp recovery in its core business, and it remains on track to receive initial orders for AerAware later this year. - AerSale: Inflection In H2'23 Results And Recent AerAware Approval Set Stage For A Potential Near-Term Double
Huntington Ingalls Industries (HII) - Seeking Fair Value, who focuses on dividend growth stocks, says HII is a wide moat company, and that the acquisitions over the past few years, along with its improving financial position and the U.S. Department of Defense demand for more complex and expanding needs, make it an interesting investment option. - Huntington Ingalls: Navigating The Market And Staying The Course
Borr Drilling (BORR) - Private investor Western Edge says there is a 100% upside if it trades at 6.0x projected 2024 EBITDA, industry capacity is virtually sold out and BORR has locked in forward revenues at highly favorable day rates. - Borr Drilling: Record Profits Ahead As Rig Fleet Is Sold Out
American Resources (AREC) - Longtime analyst Philip Mause says AREC is a classic asymmetric opportunity with limited downside and enormous upside - although it is viewed as a coal company, most of the potential value lies in its extremely attractive rare earth and critical metals processing technology. - American Resources Is Misunderstood And Has An Enormous Upside
Prairie Operating (PROP) - Longtime analyst David Kugelman says it has a strategic business model with a focus on long-term development plans, strong insider ownership, and key financial partners (and the shares have rallied since the article was published). -
Prairie Operating Co.: Exploration And Production Of Oil, Natural Gas, And Natural Gas Liquids In The Denver-Julesburg (D-J) Basin
CareTrust REIT (CTRE) - Philip Eric Jones, who focuses on growth stocks and REITs, says the outperformance vs the average REIT should continue, as Healthcare REITs with exposure to Senior Housing should fare well, it has a superb balance sheet and pays a growing dividend. - CareTrust REIT: Fat, Stable Yield With Upside
Essential Properties Realty Trust (EPRT) - Investor Overview, who focuses on growth at a reasonable price stocks, says EPRT is one of the best triple net lease REITs with primarily service-oriented tenants (which provides stable income) with attractive valuation metrics. - Essential Properties: One Of My Best Triple Net Lease REITs
The RMR Group (RMR) - Longtime analyst Amit Ghate says despite having historically consistent cash flows and a catalyst for additional growth, it trades at a low valuation and the downside seems limited. - Adding RMR Group To My Value Portfolio
Bluerock Homes Trust (BHM) - Longtime analyst Nick Clayton says this spin-off is trading at a substantial discount to its net asset value, and valuation multiples compared to other single-family residential REITs. - Bluerock Homes Trust: REIT Spinoff Trading At Substantial Discount To NAV
Inclusion Criteria: The above ideas were objectively compiled based on the set criteria. Exclusions include new Seeking Alpha analysts, broad market calls, crypto ideas, leveraged ETFs, and stocks that were repeat recommendations by the analyst.
Thanks for reading.
This account (SA Rare Stock Picks Monthly) will publish future iterations of this report in the upcoming months. If you missed our Rare Stock Picks from January, you can find it here.
Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.