6 Stocks Ronnie Moas Is Shopping For Amid Market Selloff - Alibaba Gr Holding (NYSE:BABA)

Ronnie Moas of Standpoint Research has been waiting for a "correction" of Monday's magnitude for 18 months and is a "opportunity" to "going shopping." In a letter to clients, Moas stated he has been sitting on the sidelines and waiting for this "correction" to add new names and reinstate names that have been hit hard or underperformed. Moas noted that the last "shopping" opportunity back in October 2014 netted gains on 14 names between 20 to 40 percent by the end of the first quarter of 2015. Moas

founded Standpoint Research

in 2003 after spending years developing a proprietary 155-variable valuation and diagnostic model to generate investment ideas. Combined with the use of fundamental and subjective analysis, the research firm has been

ranked as one of the highest in terms of accuracy of picks. Here is Moas' new "shopping list" with initiation and upgrade calls (in depth notes and reports to follow).

Shares of Alibaba Group Holding Ltd BABA were initiated at Buy with a 2017-2018 price target of $84.

Shares of Juno Therapeutics Inc JUNO were initiated at Buy with a 2017-2018 price target of $47.

Shares of Macy's, Inc. M were initiated at Buy with a 2017-2018 price target of $72.

Shares of QUALCOMM, Inc. UAL were upgraded to Buy from Hold with a 2017-2018 price target of $72.

Shares of WESCO International, Inc. WCC were upgraded to Buy from Hold with a 2017-2018 price target of $68.

Shares of United Continental Holdings Inc UAL were initiated at Buy with a 2017-2018 price target of $70.

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