In today's video, I talk about three stocks that I believe are of great value right now. The three stocks are Qualcomm (QCOM 0.47%), Spotify (SPOT 1.84%), and Skillz (SKLZ -1.07%), and below, you will find a few reasons why I believe they are overlooked gems at a great price.
These are two reasons why Qualcomm is at a great price.
- Qualcomm stock is down over 15% from all-time highs and currently has a P/E ratio of low 20s compared to other mature companies like Amazon, Microsoft, Google and Facebook, which have a P/E ratio of high 20s and low 30s.
- Qualcomm is in the front of 5G and other handheld devices technology.
These are two reasons why Spotify is at a great price.
- Spotify stock is down over 20% from its all-time high and has a P/S ratio in the single digits.
- Spotify added 10 million paying subscribers during their most recent quarter, bringing total premium subscribers to 155 million users.
These are two reasons why Skillz is at a great price.
- Skillz stock is down over 35% from its all-time high, and they recently made a public offering at $24, which has brought the stock down closer to those levels.
- They have a new partnership with NFL gaming and Play Mechanix, and we can see more partnerships in the future as this company continues to grow.