On Monday, the mild panic selling in stock markets eased. While buyers stepped in throughout the day, they left out three stocks.
Moderna (MRNA) dropped by 8.07% to close at $28.61. U.S. FDA chief Peter Marks abruptly announced his resignation. This suggests that the administration will not support mRNA-based vaccines and disease treatments in the future. Short sellers bet heavily against MRNA stock, with the short float at 13.72%. The stock trades at a price-to-sales ratio of 3.43 times, compared to 2.25 times on Pfizer (PFE) stock. In the low $20s, MRNA stock is attractive.
Retailer MercadoLibre (MELI) formed a bearish “double peak” at $2,250 in the last two months. The stock has deep value from here. In the Latin American regions, this firm will thrive. Argentina and Brazil have strong consumer spending trends that will boost MercadoLibre’s revenue.
In the tech sector, Zscaler (ZS) closed below $200, compared to the $217.84 peak in the last year. The cybersecurity firm posted healthy fiscal second-quarter results. Billings grew by 18%. Revenue growth will continue to accelerate as demand for zero-trust and data initiatives increases.
Investors may also consider Cloudflare (NET), Monday (MNDY), GitLab (GTLB), and Check Point Software (CHKP).
