These Quality Stocks Are Becoming A Deal For Long-Term Investors
Portfolio Pulse from Cory Mitchell
The stock market has been declining since August, with the SPDR S&P 500 Trust (NYSE:SPY) down 10% from its July high. This presents opportunities for long-term investors to buy quality stocks at cheaper prices. Four such stocks are Copart, Inc. (NASDAQ:CPRT), Cadence Design Systems, Inc. (NASDAQ:CDNS), Alphabet Inc. (NASDAQ:GOOGL), and ExlService Holdings, Inc. (NASDAQ:EXLS), all of which have shown strong earnings growth over the past five years and are expected to continue this trend over the next five years.
October 26, 2023 | 5:52 pm
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POSITIVE IMPACT
Cadence Design Systems, Inc. has shown strong earnings growth and is expected to continue this trend.
The strong earnings growth and future expectations make CDNS a potentially good investment, likely to positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Copart, Inc. has shown strong earnings growth and is expected to continue this trend.
The strong earnings growth and future expectations make CPRT a potentially good investment, likely to positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ExlService Holdings, Inc. has shown strong earnings growth and is expected to continue this trend.
The strong earnings growth and future expectations make EXLS a potentially good investment, likely to positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alphabet Inc. has shown strong earnings growth and is expected to continue this trend.
The strong earnings growth and future expectations make GOOGL a potentially good investment, likely to positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 Trust is down 10% from its July high.
The overall market decline is likely to negatively impact the SPY ETF in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80