5 Stocks Ronnie Moas Just Upgraded -- And A Way To Play The Falling Market

• Ronnie Moas, Founder and Director of Research at Standpoint Research, upgraded five stocks on Friday.
• The lucky names were Juniper Networks, Inc. JNPR, Nuance Communications Inc. NUAN, Bed Bath & Beyond Inc. BBBY, First Solar, Inc. FSLR and Vera Bradley, Inc. VRA.
• So, let’s take a look into the reasons behind these promotions.

Moas decided to reinstate five names on Friday, as the S&P 500 index re-tested its August low and the Down Jones was off by 2500 points. All of these names were already in the expert’s “shopping list,” but have now come down to valuations where he feels comfortable stepping in.

Related Link: Ronnie Moas: KeyCorp Stock Is 'Looking Good'

“Each of these names have corrected sharply and/or underperformed significantly since my exit and can be reinstated,” the explicated.

All five stocks undervalued, compared to the S&P 500, and are now trading at attractive multiples and/or with attractive cash positions.
For those concerned about the market going lower, hedging with short SPDR S&P 500 ETF Trust SPY and/or selling out-of-the-money put options on these names might be good ideas.

Related Link: Ronnie Moas Downgrades Silicon Motion; Recommends Other Stocks To Roll Proceeds Into

The analyst upgraded the following stocks from Hold to Buy, setting price targets of:

• Vera Bradley: $18
• First Solar: $76
• Bed Bath & Beyond: $55
• Nuance: $22
• Juniper: $32

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.