IntL Money Express Stock (NASDAQ:IMXI), Trade Ideas

IntL Money Express

International Money Express Inc is a processor of money transfer services in the USA to the Latin America and the Caribbean (LAC) corridor. The company offers wire transfer, money order, Foreign exchange, and cash checking services, while the majority of the revenue is derived from wire transfer and money order fees. The firm's business is organized around one reportable segment that provides money remittance services between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.

International Money

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page

Palo Alto Networks To Rally Over 21%? Here Are 10 Top Analyst Forecasts For Friday

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	WaveDancer, Inc. (NASDAQ: WAVD) shares climbed 86% to $0.5505. Tellenger, a subsidiary of Wavedancer, Inc., won a seven-year U.S. government contract.


Why Exact Sciences Shares Are Trading Lower By Over 9%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Short Ideas

On Monday, shares of International Money Express, Inc. (NASDAQ: IMXI) experienced volatile short activity. After the activity, the stock price went down -1.12% to $22.88.

The overall sentiment for IMXI has been Bullish.

Short Volatility Alert: International Money Express, Inc.

International Money Express, Inc. - Common Stock

International Money Express Inc

MF International Shares Resume Trade, Stock Now Down -75%

<p>Morgan Stanley  analyst Michael Phillips   maintains Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) with a Equal-Weight and lowers the price target from $110 to $109.</p>


Morgan Stanley Maintains Equal-Weight on Hartford Finl Servs Gr, Lowers Price Target to $109

<p>In Queens, New York, a homeowner's confrontation with unexpected occupants at her late father's house spiraled into a dramatic legal tangle that highlights the complex issue of squatter rights in the city.</p>
<p>Adele Andaloro, 47, inherited a property valued at $1 million after her parents died. She discovered strangers living there during a visit to prepare the house for sale. When she changed the locks to secure the property, one of the occupants called the police, leading to her brief arrest. Though she faces no charges, the ordeal showcases the difficulties homeowners and law enforcement face with squatters in New York.</p>
<p>According to the Daily Mail, Andaloro voiced her concerns about the effectiveness of local laws, stating, "I'm really fearful that these people are going to get away with stealing my home."</p>
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<li>Investing in real estate just got a whole lot simpler. This <a href="https://www.benzinga.com/go/bezos-landlord">Jeff Bezos-backed startup will allow you to become a landlord</a> in just 10 minutes, and you only need $100.</li>
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<p>Neighbors have reported suspicious activity since the occupants moved in.&nbsp;</p>
<p>"We all know what they are up to, so we're all kind of pissed about it," Kosta, a 24-year-old college student living next door, told the news outlet.&nbsp;</p>
<p>Squatter's rights in New York offer a legal framework that can make eviction challenging. After 30 days of occupancy in New York City, squatters can claim legal rights to a property, complicating efforts to remove them. This situation has left Andaloro and her neighbors frustrated as they navigate the legal and social implications of squatter claims.</p>
<p>The incident has sparked a broader discussion on the need for clearer regulations and more support for property owners facing similar predicaments.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li>Dara Khosrowshahi-Backed Startup Lets You <a href="https://www.benzinga.com/go/dara-backed-startup">Become a Landlord with $100</a>.</li>
<li>Elon Musk Is Bullish On Austin. Here&#8217;s <a href="https://www.benzinga.com/go/musk-austin">How To Invest In The City&#8217;s Growth Before He Floods It With New Tech Workers</a>.</li>
</ul>


Real Estate

A New York Homeowner Was Arrested For Changing The Locks After Finding A Group Of Squatters In $1 Million Home She Inherited

<p>Morgan Stanley  analyst Adam Jonas   maintains Harley-Davidson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>) with a Overweight and raises the price target from $50 to $51.</p>


Morgan Stanley Maintains Overweight on Harley-Davidson, Raises Price Target to $51

<p>Morgan Stanley  analyst Matthew Harrison   maintains Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) with a Equal-Weight and lowers the price target from $80 to $78.</p>


GILD

Morgan Stanley Maintains Equal-Weight on Gilead Sciences, Lowers Price Target to $78

Phillips 66 Expects Rodeo Facility To Produce 10,000 Barrels Of Renewable Jet Fuel Per Day

<p>Morgan Stanley  analyst Megan Alexander   maintains Brunswick (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BC#NYSE">BC</a>) with a Equal-Weight and lowers the price target from $91 to $86.</p>


Morgan Stanley Maintains Equal-Weight on Brunswick, Lowers Price Target to $86

<p><a href="https://www.cnbc.com/2024/04/26/starbucks-workers-united-union-make-progress-in-negotiations.html#:~:text=a%20joint%20statement.-,Starbucks%20and%20the%20union%20plan%20to%20meet%20again%20in%20late,that%20foundation%20has%20been%20built" title="https://www.cnbc.com/2024/04/26/starbucks-workers-united-union-make-progress-in-negotiations.html#:~:text=a%20joint%20statement.-,Starbucks%20and%20the%20union%20plan%20to%20meet%20again%20in%20late,that%20foundation%20has%20been%20built">https://www.cnbc.com/2024/04/26/starbucks-workers-united-union-make-progress-in-negotiations.html#:~:text=a%20joint%20statement.-,Starbucks%20and%20the%20union%20plan%20to%20meet%20again%20in%20late,that%20foundation%20has%20been%20built</a>.</p>


Contracts

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SBUX

'Starbucks And Workers United To Meet Again In Late May' - CNBC

TOST

Watching Toast, Shares See Volume Amid Josh Brown Mentioning Stock On CNBC In Segment Titled "The Committee's Financial Playbook"

<p>Benchmark  analyst Christopher Kuhn   reiterates Hub Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUBG#NASDAQ">HUBG</a>) with a Buy and maintains $49 price target.</p>


Reiteration

HUBG

Benchmark Reiterates Buy on Hub Group, Maintains $49 Price Target

<p>Morgan Stanley  analyst Matthew Harrison   maintains Biomarin Pharmaceutical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) with a Overweight and lowers the price target from $115 to $112.</p>


BMRN

Morgan Stanley Maintains Overweight on Biomarin Pharmaceutical, Lowers Price Target to $112

<p>Benchmark  analyst Mike Hickey   reiterates Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) with a Buy and maintains $22 price target.</p>


IMAX

Benchmark Reiterates Buy on Imax, Maintains $22 Price Target

Phillips 66 CFO Says Co's Rodeo Facility Saw A $180M Loss In Q1

<p>Benchmark  analyst Kurt Hallead   reiterates Oceaneering International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OII#NYSE">OII</a>) with a Buy and maintains $34 price target.</p>


Benchmark Reiterates Buy on Oceaneering International, Maintains $34 Price Target

<p>Morgan Stanley  analyst Erik Lapinski   maintains Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) with a Equal-Weight and raises the price target from $285 to $310.</p>


AXON

Morgan Stanley Maintains Equal-Weight on Axon Enterprise, Raises Price Target to $310

<p>Benchmark  analyst Nathan Martin   reiterates Arch Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCH#NYSE">ARCH</a>) with a Buy and maintains $180 price target.</p>


ARCH

Benchmark Reiterates Buy on Arch Resources, Maintains $180 Price Target

<p>Morgan Stanley  analyst Ricky Goldwasser   maintains Accolade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>) with a Equal-Weight and lowers the price target from $13 to $12.</p>


ACCD

Morgan Stanley Maintains Equal-Weight on Accolade, Lowers Price Target to $12

<p>Recent research reveals that states adopting recreational <a href="https://www.benzinga.com/cannabis" target="_blank" rel="noreferrer noopener">cannabis</a> laws (RCLs) in the U.S. may have fewer immigration deportations related to cannabis offenses.</p>
<p>The study, conducted by <strong>Emilie Bruzelius</strong> and <strong>Silvia S. Martins</strong> and published in <strong>BMC Public Health</strong>, analyzed the period from 2009 to 2020, offering insights into the relationship between immigration and drug policy reform.</p>
<h3 class="wp-block-heading"><strong>Study Findings On Deportations</strong></h3>
<p>The researchers utilized data from the <strong>Transactional Records Access Clearinghouse</strong>, focusing on immigration arrests and deportations where cannabis possession was cited. Researchers found that by 2020 states with RCLs showed a notable decrease in deportation rates related to <a href="https://www.benzinga.com/markets/cannabis/24/04/38101290/gov-healeys-mega-pardon-for-cannabis-possession-unanimously-approved-by-council" target="_blank" rel="noreferrer noopener">cannabis possession</a>. Specifically, the adoption of these laws led to a &#8220;moderate relative decrease in deportation prevalence,&#8221; indicating a 32% reduction in deportations compared to states without recreational cannabis laws.</p>
<p>&#8220;Decreasing penalties for cannabis possession through state RCLs may reduce some aspects of immigration enforcement related to cannabis possession,&#8221; the <a href="https://bmcpublichealth.biomedcentral.com/articles/10.1186/s12889-024-18334-y" target="_blank" rel="noreferrer noopener">study</a> notes.</p>
<h3 class="wp-block-heading"><strong>Arrest Rates Show No Significant Change</strong></h3>
<p>However, while deportations have declined, the study found no significant changes in the rates of immigration arrests <a href="https://www.benzinga.com/markets/cannabis/24/04/38320048/one-in-two-biden-voters-want-to-live-in-a-place-where-marijuana-is-legal-one-in-eight-trump-supp" target="_blank" rel="noreferrer noopener">post-RCL adoption</a>. &#8220;For the deportation outcome, however, RCL adoption was associated with a moderate relative decrease in deportation prevalence in RCL versus non-RCL states,&#8221; the study points out, suggesting that while some benefits are evident, the full spectrum of effects remains mixed and warrants further investigation.</p>
<h3 class="wp-block-heading"><strong>Broader Implications And Recommendations</strong></h3>
<p>The paper argues that these findings could inform more nuanced cannabis policies that consider <a href="https://www.benzinga.com/markets/cannabis/23/11/35966920/how-cannabis-laws-impact-non-citizens-a-minnesota-perspective-on-unequal-treatment" target="_blank" rel="noreferrer noopener">their broader implications, especially for non-citizens</a>. &#8220;Greater attention to the immigration-related consequences of current drug control policies is warranted, particularly as more states weigh the public health benefits and drawbacks of legalizing cannabis,&#8221; the researchers advocate.</p>
<p>Moreover, the study warns of a potential risk where immigrants might falsely assume that state <a href="https://www.benzinga.com/topic/cannabis-legalization" target="_blank" rel="noreferrer noopener">cannabis legalization</a> shields them from federal penalties. &#8220;State adoption of RCLs might lead more people who are non-citizens to reasonably but falsely assume that federal immigration status is unaffected by cannabis use permissible under state law,&#8221; the authors caution.</p>
<p>The findings contribute to mounting evidence that adult-use legalization could alleviate unintended consequences of cannabis prohibition for non-citizens. However, the researchers advocate for further studies to grasp the full impact on immigration enforcement. With <a href="https://www.benzinga.com/markets/cannabis/24/03/37964845/9-out-of-10-americans-support-some-form-of-legal-cannabis-pew-research-center-finds" target="_blank" rel="noreferrer noopener">increasing support for cannabis legalization nationwide</a>, this study underscores the need for nuanced policies to address these intertwined issues effectively.</p>
<p><strong><em>Read also: </em></strong><a href="https://www.benzinga.com/markets/cannabis/23/06/32926170/not-everyone-can-live-the-american-dream-court-denies-citizenship-to-legal-cannabis-business-own" target="_blank" rel="noreferrer noopener"><em>Not Everyone Can Live The American Dream: Court Denies Citizenship To Legal Cannabis Business Owner</em></a></p>


Cannabis

How Cannabis Laws Impact Immigration: New Study Links State Legalization To Less Deportations

<p>Benchmark  analyst Robert Wasserman   reiterates Integer Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITGR#NYSE">ITGR</a>) with a Buy and maintains $130 price target.</p>


ITGR

Benchmark Reiterates Buy on Integer Holdings, Maintains $130 Price Target

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Capital One Finl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with COF, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for Capital One Finl.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 36% bullish and 54%, bearish.</p>
<p>Out of all of the special options we uncovered, 2 are puts, for a total amount of $120,000, and 9 are calls, for a total amount of $428,506.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $160.0 for Capital One Finl, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Capital One Finl stands at 352.29, with a total volume reaching 996.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Capital One Finl, situated within the strike price corridor from $135.0 to $160.0, throughout the last 30 days.</p>
<h3>Capital One Finl 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714149097_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>COF</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$15.3</td>
<td>$14.5</td>
<td>$14.9</td>
<td>$150.00</td>
<td>$74.5K</td>
<td>1.0K</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>COF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$15.3</td>
<td>$14.8</td>
<td>$14.8</td>
<td>$150.00</td>
<td>$74.0K</td>
<td>1.0K</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>COF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$15.3</td>
<td>$14.8</td>
<td>$14.9</td>
<td>$150.00</td>
<td>$73.0K</td>
<td>1.0K</td>
<td style="text-align: right;">150</td>
</tr>
<tr>
<td>COF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$7.1</td>
<td>$6.8</td>
<td>$6.8</td>
<td>$145.00</td>
<td>$68.0K</td>
<td>312</td>
<td style="text-align: right;">118</td>
</tr>
<tr>
<td>COF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$5.5</td>
<td>$5.2</td>
<td>$5.2</td>
<td>$145.00</td>
<td>$52.0K</td>
<td>282</td>
<td style="text-align: right;">117</td>
</tr>
</tbody>
</table>
</p>
<h3>About Capital One Finl</h3>
<p>Capital One is a diversified financial services holding company headquartered in McLean, Virginia. Originally a spinoff of Signet Financial's credit card division in 1994, the company is now primarily involved in credit card lending, auto loans, and commercial lending.</p>
<h3>Capital One Finl's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,988,585, with COF's price down by -0.08%, positioned at $145.85.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 83 days.</li>
</ul>
<h3>Professional Analyst Ratings for Capital One Finl</h3>
<p>4 market experts have recently issued ratings for this stock, with a consensus target price of $165.25.</p>
<ul>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Capital One Finl, targeting a price of $155. </li>
<li>An analyst from Wolfe Research upgraded its action to Outperform with a price target of $189. </li>
<li>Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Capital One Finl, targeting a price of $165. </li>
<li>Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Capital One Finl with a target price of $152. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Capital One Finl with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

Capital One Finl Unusual Options Activity

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Generally, enterprises that fall on the low end of the capitalization spectrum are risky but if you really want to go for it, you might as well consider undervalued small-cap stocks. When you&rsquo;re fishing in the small pond, you&rsquo;re already dealing with underappreciated ideas. We&rsquo;re just adding to the risk-reward profile by taking on the valuation component.</p>



<p>Of course, the idea here is that we&rsquo;re going to target (arguably) the least-appreciated ideas among some of the smallest enterprises that are still traded on major exchanges. It goes without saying that you should expect a firestorm of volatility. Don&rsquo;t come in here without your flak jacket.</p>



<p>That said, if the stars align just right, you might see some ridiculously robust rewards. You want to go yard? You gotta swing the bat first. On that note, below are undervalued small-cap stocks to buy.</p>



<h2>International Money Express (IMXI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/12/money-printing-300x169.jpg" alt="2024 investment trends A close-up shot of money printing"><div>Source: Shutterstock</div></div><p>A money transferring enterprise, <strong>International Money Express</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/imxi-stock-quote/"><strong>IMXI</strong></a>) may seem a tough choice for undervalued small-cap stocks. What it comes down to is that the company faces tough competition. However, the flipside to the argument is that IMXI enjoys a burgeoning total addressable market. If you have some funds earmarked for speculation, this might be the opportunity for you.</p>



<p>According to Grand View Research, the global remittance market reached a <a href="https://www.grandviewresearch.com/industry-analysis/remittance-market-report#:~:text=The%20global%20remittance%20market%20is,USD%20107.80%20billion%20by%202030.">valuation of $48.99 billion</a> in 2021. Further, experts project that between 2022 to 2030, the segment may expand at a compound annual growth rate (CAGR) of 10.1%. At the forecast&rsquo;s culmination point, the sector could be worth $107.8 billion.</p>



<p>Not only that, covering experts believe that revenue for this fiscal year <a href="https://finance.yahoo.com/quote/imxi/analysis">should land at $691 million</a>. That would be up 4.9% from last year&rsquo;s tally. Also, 2025 sales should hit $755.1 million, up 9.3% from 2024&rsquo;s projected top line.</p>



<p>Lastly, the consensus view is <a href="https://www.tipranks.com/stocks/imxi">strong buy</a> with a $26 average price target. That implies upside of 28%.</p>



<h2>Precision Drilling (PDS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/oil-price-predictions1600-300x169.png" alt="Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field. Oil prices and oil price predictions"><div>Source: Golden Dayz / Shutterstock.com</div></div><p>Based in Calgary, Alberta, Canada, <strong>Precision Drilling</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/pds-stock-quote/"><strong>PDS</strong></a>) is the nation&rsquo;s largest drilling rig contractor. Further, <a href="https://www.google.com/finance/quote/PDS:NYSE?hl=en">per its public profile</a>, Precision provides oil field rental and supplies. At first glance, PDS might also appear a questionable idea for undervalued small-cap stocks. That&rsquo;s because the political and ideological winds favor clean and renewable energy infrastructure. Still, hydrocarbons have their place.</p>



<p>First, there&rsquo;s the science. Fossil fuels <a href="https://energyeducation.ca/encyclopedia/Energy_density">command high energy density</a>. Essentially, you can do more with a gallon of gasoline than you can with an equivalent amount of electrons. Second, the world runs on hydrocarbons. And because of that, geopolitical rumblings should make enterprises like Precision Drilling surprisingly relevant.</p>



<p>Looking out to the end of fiscal 2024, analysts believe that revenue will land at $1.5 billion, up 4.3% from last year&rsquo;s print of $1.44 billion. Even with the projected growth, <a href="https://www.gurufocus.com/stock/PDS/summary?search=pds">PDS trades for only 0.63X trailing-year sales</a>, below the sector median 1.09X.</p>



<p>In closing, analysts peg shares a <a href="https://www.tipranks.com/stocks/pds/forecast">unanimous strong buy</a> with a $90.33 price target, projecting 47% growth potential.</p>



<h2>Titan Machinery (TITN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/construction-3-300x169.jpg" alt="An image of construction workers on a building construction site."><div>Source: Shutterstock</div></div><p>One of the largest dealers of agricultural and construction equipment, <strong>Titan Machinery</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/titn-stock-quote/"><strong>TITN</strong></a>) plays a significant role in the broader global food supply chain. Still, that reality doesn&rsquo;t seem to impress Wall Street. Since the beginning of this year, TITN dropped more than 11% of equity value. In the trailing one-year period, it&rsquo;s down almost 37%, a terrible loss.</p>



<p>Still, the pain might be overdone. For one thing, by the end of this fiscal year, analysts projected earnings per share to land at $4.92. That would be noticeably above last year&rsquo;s print of $4.52. Further, revenue should reach $2.64 billion. If so, that would imply a 19.4% gain from last year&rsquo;s sales of $2.21 billion.</p>



<p>Even better, TITN could be one of the undervalued small-cap stocks you can trust on the basis of its relevant business. Speaking of which, shares <a href="https://www.gurufocus.com/stock/TITN/summary?search=titn">trade at only 5.44X trailing-year earnings</a>. That&rsquo;s well below the sector median of 13.55X.</p>



<p>Finally, analysts rate shares a <a href="https://www.tipranks.com/stocks/titn/forecast">unanimous strong buy</a> with a $39.33 price target. That implies upside of over 54%.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/the-3-most-undervalued-small-cap-stocks-to-buy-in-march-2024/">The 3 Most Undervalued Small-Cap Stocks to Buy in March 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Most Undervalued Small-Cap Stocks to Buy in March 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>With so much attention paid to artificial intelligence and cryptocurrencies, the risk-on segment of the global markets has enjoyed tremendous upside, which subsequently makes the search for bargain stocks all the more important. While the heavy hitters can potentially still deliver, it may be time to consider more value-oriented ideas.</p>



<p>Fundamentally, that&rsquo;s because the <a href="https://www.reuters.com/markets/us/global-markets-flows-bofa-urgent-2024-03-08/#:~:text=Tech%20stocks%20saw%20%244.4%20billion,far%20back%20its%20figures%20went.">outflows of money from the technology sector</a> clashes with the idea that the innovation bull market can continue uninterrupted. At some point, a correction in certain hyped-up names could materialize. Therefore, it just may be smarter to have some exposure to so-called bargain stocks; that is, ideas that don&rsquo;t attract the spotlight but really should.</p>



<p>And yes, while these hidden-gem enterprises may be difficult to find, they&rsquo;re certainly out there. And they also carry strong back from Wall Street&rsquo;s top experts. On that note, below are bargain stocks to consider.</p>



<h2>H&amp;E Equipment Services (HEES)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/growthstocks1600-1-300x169.png" alt="Explore the stock market trends for 2024 with analytical visuals of businessman planning long term investments and future business growth, Navigate towards success with smart strategies. growth stocks with millionaire potential"><div>Source: Thapana_Studio / Shutterstock.com</div></div><p>Not the most well-known enterprise, <strong>H&amp;E Equipment Services</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/hees-stock-quote/"><strong>HEES</strong></a>) conducts operations in the industrial field, under the rental and leasing services subsegment. Per its <a href="https://finance.yahoo.com/quote/hees/profile">public profile</a>, H&amp;E operates as an integrated equipment services company. It conducts business through five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services.</p>



<p>While it might not be a household name, HEES is awfully enticing among bargain stocks. Since the start of the year, shares have moved up more than 22%. However, the security is undervalued, <a href="https://www.gurufocus.com/stock/HEES/summary?search=hees">trading at only 11.68X forward earnings</a>. That&rsquo;s lower than the sector median multiple of 15.5X. As well, it trades at a modest 5.66X to operating cash flow.</p>



<p>For the current fiscal year, experts believe H&amp;E will post earnings per share of $5.02 on sales of $1.58 billion. That&rsquo;s a notable improvement over last year&rsquo;s print of earnings of $4.78 per share on revenue of $1.47 billion.</p>



<p>Analysts rate HEES a <a href="https://www.tipranks.com/stocks/hees/forecast">unanimous strong buy</a> with a $66.75 price target. The high-side estimate calls for $75.</p>



<h2>Delta Air Lines (DAL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/dal-stock-delta-1600-300x169.jpg" alt="Delta airlines aircraft interior full of passengers. Why are so many flights overbooked?"><div>Source: Cassiohabib / Shutterstock.com</div></div><p>With many questions about the economy &ndash; whether the Federal Reserve could engineer a soft landing or not &ndash; travel-related enterprises like <strong>Delta Air Lines</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/dal-stock-quote/"><strong>DAL</strong></a>) presented many questions. However, with the odds potentially favoring a soft landing, DAL could be one of the bargain stocks to consider. It&rsquo;s risky but it might pan out.</p>



<p>Fundamentally, one of the factors that could help Delta is that the <a href="https://www.seattletimes.com/nation-world/revenge-travel-will-continue-to-be-a-major-trend-in-2024/#:~:text=Travel%20may%20be%20getting%20more,out%20and%20explore%20the%20world.">revenge travel sentiment</a> could carry over throughout 2024. I think it&rsquo;s noteworthy that DAL stock gained almost 13% of equity value since the January opener. It&rsquo;s also up 42% in the past 52 weeks. At the same time, shares <a href="https://www.gurufocus.com/stock/DAL/summary?search=dal">trade at only 6.77X forward earnings</a>. That&rsquo;s lower than 79.37% of its peers.</p>



<p>Notably, after missing the bottom-line expectation in the first quarter of 2023, the subsequent three quarters saw an average positive earnings surprise of 8.7%. For 2024, experts believe EPS of $6.46 on sales of $56.91 billion is possible. That&rsquo;s above last year&rsquo;s print of $6.25 on revenue of $54.67 billion.</p>



<p>Analysts peg shares a <a href="https://www.tipranks.com/stocks/dal/forecast">unanimous strong buy</a> with a $54.33 price target, projecting 19% upside.</p>



<h2>International Money Express (IMXI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/stocks-to-buy-greedy1600-300x169.png" alt="man's hand holding wads of cash. stocks to buy. russell 2000 stocks to buy"><div>Source: Vova Shevchuk / Shutterstock.com</div></div><p>Listed under the broad technology umbrella, <strong>International Money Express</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/imxi-stock-quote/"><strong>IMXI</strong></a>) operates as an omnichannel money remittance services company. Its services cover the U.S., Latin America, Mexico, Central and South America, the Caribbean, Africa and Asia. Since the start of the year, IMXI has only poked its head barely above parity. Over the past 52 weeks, it&rsquo;s down almost 12%.</p>



<p>Granted, these metrics suggest that International Money ranks among the riskier ideas for bargain stocks. However, given the dynamic economic environment, it&rsquo;s possible that we could see greater demand for remittance services. This might especially be the case with workers sending money to loved ones abroad. For those who want to take a shot, shares trade at a <a href="https://www.gurufocus.com/stock/IMXI/summary?search=imxi">forward earnings multiple of 9.91X</a>.</p>



<p>But it&rsquo;s not just the low multiple that matters here. Last fiscal year, the company beat EPS targets three times out of four. Experts also believe that for the current fiscal year, EPS could land at $2.19 on sales of $691.17 million. That&rsquo;s above last year&rsquo;s print of $1.95 per share on sales of $658.74 million.</p>



<p>Analysts rate IMXI a <a href="https://www.tipranks.com/stocks/imxi/forecast">consensus strong buy</a> with a $26.25 target, implying over 19% growth potential.</p>



<h2>Civitas Resources (CIVI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/oil-price-predictions1600-300x169.png" alt="Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field. Oil prices and oil price predictions"><div>Source: Golden Dayz / Shutterstock.com</div></div><p>An exploration and production company, <strong>Civitas Resources</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/civi-stock-quote/"><strong>CIVI</strong></a>) operates in the oil and gas industry. As an upstream specialist, Civitas focuses on the acquisition, development and production of oil and natural gas in the Rocky Mountain region, primarily in the Field of the Denver-Julesburg Basin of Colorado. It also holds interest in production wells.</p>



<p>At first glance, hydrocarbon players might not seem a great idea for bargain stocks. If renewables take over, fossil fuels may go the way of the dinosaur. However, the physical advantage of hydrocarbons &ndash; basically high energy density &ndash; makes this proposition unlikely. So, investors should be able to trust its low <a href="https://www.gurufocus.com/stock/CIVI/summary?search=civi">forward earnings multiple of 6.72X</a>. This is below nearly 72% of the competition.</p>



<p>To be fair, Civitas posted earnings figures that were all over the map against expectations last year. However, analysts believe 2024 could be a big year. They&rsquo;re looking for EPS of $11.43 on sales of $5.45 billion. Last year, these metrics were $9.44 on sales of $3.48 billion.</p>



<p>Unsurprisingly, CIVI carries a <a href="https://www.tipranks.com/stocks/civi/forecast">unanimous strong buy</a> rating with an $88.42 average price target.</p>



<h2>International Seaways (INSW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/12/oil-shipping1600-300x169.png" alt="Crude oil tanker and LPG Loading in port at sea view from above. Aerial view oil tanker ship shot from drone. Oil prices, oil shipping, oil stocks."><div>Source: Avigator Fortuner / Shutterstock.com</div></div><p>Another company plying its trade in the broader energy sector, <strong>International Seaways</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/insw-stock-quote/"><strong>INSW</strong></a>) is tied to the oil and gas midstream subsegment. Per its <a href="https://finance.yahoo.com/quote/insw/profile">public profile</a>, the company owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments: Crude Tankers and Product Carriers.</p>



<p>Fundamentally, I believe that Wall Street is grossly discounting the importance of hydrocarbons. By logical deduction, they&rsquo;re discounting the pertinence of transporting said energy commodities, especially with the crisis currently in Russia. Therefore, the <a href="https://www.gurufocus.com/stock/INSW/summary?search=insw">forward earnings multiple of 5.04X</a> may be unreasonably modest.</p>



<p>Granted, the projections for 2024 are not great. EPS may reach $9.90 on sales of $1.02 billion, below last year&rsquo;s print of $10.62 on sales of $1.07 billion. However, these stats don&rsquo;t jive with 2023&rsquo;s average positive earnings surprise of 14.63%. I think we need to give INSW more credit.</p>



<p>Either way, analysts rate shares a <a href="https://www.tipranks.com/stocks/insw/forecast">unanimous strong buy</a> with a $63.67 price target. It&rsquo;s one of the bargain stocks to pick up for speculators.</p>



<h2>United Therapeutics (UTHR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/uthr_unitedtheraputics1600-300x169.png" alt="In this photo illustration United Therapeutics Corporation (UTHR) logo is seen on a mobile phone screen."><div>Source: viewimage / Shutterstock.com</div></div><p>Listed under the healthcare umbrella, <strong>United Therapeutics</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/uthr-stock-quote/"><strong>UTHR</strong></a>) is involved in the biotechnology segment. Per its public profile, United engages in the development and commercialization of products to address the unmet medical needs of patients with chronic and life-threatening diseases. Some of its targeted conditions include pulmonary arterial hypertension (PAH) and idiopathic pulmonary fibrosis.</p>



<p>Since the start of the year, UTHR gained almost 5%. In the past 52 weeks, it&rsquo;s up over 10%. While these are modest stats, they could swing dramatically higher once more investors understand the positive implications. Currently, shares trade at a <a href="https://www.gurufocus.com/stock/UTHR/summary?search=uthr">forward earnings multiple of 10.38X</a>, below the sector median value of 21.72X.</p>



<p>Intriguingly, the company posted an average positive earnings surprise of nearly 9% in the past four quarters. For fiscal 2024, experts project that EPS will land at $23.95 on sales of $2.7 billion. That&rsquo;s targeting a big year considering that in 2023, the states were $19.81 on revenue of $2.33 billion.</p>



<p>Analysts peg UTHR a <a href="https://www.tipranks.com/stocks/uthr/forecast">consensus strong buy</a> with a $299.45 average price target. It&rsquo;s an intriguing idea for bargain stocks considering the implied 26% upside potential.</p>



<h2>Copa (CPA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/copa_cpa1600-300x169.jpg" alt="Copa plane mid-flight backdropped by white clouds. CPA stock"><div>Source: Carlos Yudica/Shutterstock.com</div></div><p>Operating in the airline sector, <strong>Copa</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/cpa-stock-quote/"><strong>CPA</strong></a>) provides passenger and cargo services. Per its <a href="https://finance.yahoo.com/quote/cpa/profile">corporate profile</a>, Copa offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America. As well, it hits the Caribbean from its Panama City hub. Since the start of the year, CPA lost almost 1% of its market value.</p>



<p>It&rsquo;s not the best start in the world. However, in the past 52 weeks, CPA moved up more than 17%. With revenge travel potentially poised to continue driving consumer sentiment this year, Copa is worth a look. Right now, shares trade at a <a href="https://www.gurufocus.com/stock/CPA/summary?search=cpa">forward earnings multiple of 6.65X</a>. That&rsquo;s lower than the sector median 12.9X.</p>



<p>What&rsquo;s enticing about the company is that in the past four quarters, it printed a positive earnings surprise of 16.35%. For fiscal 2024, experts believe that EPS will land at $16.62 on revenue of $3.71 billion. Last year, per-share profits hit $16.79 but on sales of $3.46 billion.</p>



<p>Finally, analysts rate CPA a <a href="https://www.tipranks.com/stocks/cpa">unanimous strong buy with a $160.83 price target</a>. It&rsquo;s one of the bargain stocks to consider for speculators.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/the-bargain-hunters-portfolio-7-smart-stock-buys-for-the-shrewd-investor/">The Bargain Hunter&#8217;s Portfolio: 7 Smart Stock Buys for the Shrewd Investor</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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<p>If you&rsquo;re looking for upside potential, you&rsquo;ve come to the right place with <a href="https://investorplace.com/industries/technology/">tech stocks</a> to buy. And if you&rsquo;re looking for significant returns, you should consider the innovation sector&rsquo;s discount bin.</p>



<p>I don&rsquo;t consider the last phrase to be a pejorative term. Rather, I look at it as receiving a 50% off coupon for a famous Italian designer. Of course, I&rsquo;d take that deal. We&rsquo;re not just talking about a discount at a hole-in-the-wall big-box retailer. No, we&rsquo;re talking about compelling tech enterprises that just happen to be trading below key fundamental metrics.</p>



<p>In other words, innovators provide a solid framework for possible robust returns. But discounted innovators? That&rsquo;s even better. Here are several discounted tech stocks to buy.</p>



<h2>GoDaddy (GDDY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/gddy-1600-300x169.jpg" alt="GoDaddy website"><div>Source: dennizn / Shutterstock.com</div></div><p>A quirky idea within the technology realm, <strong>GoDaddy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/gddy-stock-quote/"><strong>GDDY</strong></a>) in technical terms operates under the software infrastructure ecosystem. In reality, we know GoDaddy as one of the top website and e-commerce platform builders. Not only that, it&rsquo;s easily one of the tech stocks to buy. For one thing, just look at its year-to-date performance of up 22%.</p>



<p>Fundamentally, I&rsquo;m excited about GoDaddy because of the burgeoning gig economy. According to one projection, this sector <a href="https://www.businessresearchinsights.com/market-reports/gig-economy-platforms-market-106156#:~:text=global%20gig%20economy%20platforms%20market,20%25%20during%20the%20forecast%20period.">could be worth nearly $93 billion by 2031</a>. That would imply a compound annual growth rate of 20% from 2021. No wonder analysts are looking at GDDY as a <a href="https://www.tipranks.com/stocks/gddy/forecast">consensus moderate buy</a>. While the average price target of $131 is modest, it could potentially rise to the high-side estimate of $150.</p>



<p>One just needs to look at the company&rsquo;s outstanding fourth-quarter earnings report, where it posted earnings per share of $7.85. Back then, experts were only projecting EPS of $1.04. For the current fiscal year, they&rsquo;re looking at revenue of $4.52 billion. If so, that&rsquo;s a growth rate of 6.3% from last year&rsquo;s print of $4.25 billion.</p>



<p>Again, because of the gig economy, I believe it&rsquo;s a do-able target.</p>



<h2>TE Connectivity (TEL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/tel-te-connectivity-1600-300x169.png" alt="The logo for TE Connectivity (TEL) is seen on a sign."><div>Source: Michael Vi / Shutterstock.com</div></div><p>Operating under the electronic components segment, <strong>TE Connectivity</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/tel-stock-quote/"><strong>TEL</strong></a>) manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the Asia Pacific and the Americas. Moreover, the company operates under three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. By providing myriad critical services, TE should remain relevant amid various market challenges.</p>



<p>To be sure, TEL isn&rsquo;t exactly the sexiest idea among tech stocks to buy. However, it&rsquo;s very consistent and reliable. Last fiscal year, the company posted an average positive earnings surprise of 4.93%. It beat quarterly EPS targets all four times. For the current fiscal year, analysts are looking for EPS to land at $7.58. If so, that would be a significant improvement over last year&rsquo;s result of $6.74.</p>



<p>In fairness, experts are only anticipating very modest growth in the top line at $16.12 billion. Last year, the company posted $16.03 billion. However, it&rsquo;s also important to note that TE Connectivity provides a forward dividend yield of 1.8%. Thus, it provides a nice balance for tech stocks to buy.</p>



<h2>International Money Express (IMXI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/bank-stocks-atm-1600-300x169.jpg" alt="bank stocks Hand inserting ATM card into bank machine to withdraw money"><div>Source: totojang1977 / Shutterstock.com</div></div><p>Based in Miami, Florida, <strong>International Money Express</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/imxi-stock-quote/"><strong>IMXI</strong></a>) conducts business in the software infrastructure space. Together with its subsidiaries, International Money operates as an omnichannel money remittance services company in the U.S. and many other global regions. Since the start of the year, IMXI gained a bit over 2%. In the past 52 weeks, it&rsquo;s down almost 10%.</p>



<p>Granted, the enterprise ranks among the riskier ideas for tech stocks to buy. However, the global remittance market <a href="https://finance.yahoo.com/news/global-remittance-industry-report-2024-111200515.html#:~:text=The%20Global%20Remittance%20Market%20was,2029%2C%20reaching%20USD%201031.45%20billion.">may reach a valuation of $1.031 trillion by 2029</a>. If so, that would represent a CAGR of 5.78% from 2023. Should International Money grab a piece of the pie, it could rise higher.</p>



<p>To be sure, the company incurred some rough performances, including a disappointing Q2 print. However, overall, the average positive earnings surprise in fiscal 2023 came out to 3.4%. For fiscal 2024, analysts are looking for EPS of $2.19 on revenue of $691.17 million. Both stats represent an improvement over last year&rsquo;s print of $1.95 EPS on sales of $658.74 million.</p>



<p>Notably, IMXI trades at only 10.19X forward earnings, making it an intriguing idea for undervalued tech stocks to buy.</p>



<h2>STMicroelectronics (STM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/stm-stock-1-300x169.jpg" alt="STMicroelectronics building"><div>Source: Michael Vi / Shutterstock.com</div></div><p>Doing business in the semiconductor sector, <strong>STMicroelectronics</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/stm-stock-quote/"><strong>STM</strong></a>) designs, develops, manufactures and sells specialized computer chip products worldwide. In particular, it has gained a strong reputation for its automotive integrated circuits (ICs), along with discrete and power transistor products. With the broader mobility space undergoing significant advancements, STM stock could potentially enjoy downwind benefits.</p>



<p>Fundamentally, what I appreciate about ST is that it represents a tech stagehand. It&rsquo;s not the main attraction, to be blunt. However, it&rsquo;s vital for running the show smoothly. Even better, it has the fiscal chops to hang with the big dogs. Aside from a bum note in Q2 last year, it performed well in fiscal 2023. Its average positive earnings surprise came out to 8.9%.</p>



<p>For fiscal 2024, analysts are looking for sales of $16.15 billion. Admittedly, that&rsquo;s off from last year&rsquo;s haul of $17.29 billion. The recovery might not come until fiscal 2025, when sales could hit $17.48 billion. However, I believe ST has the chance to surprise. Therefore, its <a href="https://www.gurufocus.com/stock/STM/summary?search=stm">trailing-year revenue multiple of 2.31X</a> looks very attractive. It&rsquo;s one of the discounted tech stocks to buy.</p>



<h2>Tower Semiconductor (TSEM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600c-300x169.jpg" alt="AI. Circuit board. Technology background. Central Computer Processors CPU concept. Motherboard digital chip. Tech science background. Integrated communication processor. 3D illustration representing semiconductor stocks. Semiconductors Stocks to Sell"><div>Source: Shutterstock</div></div><p>An independent semiconductor foundry, <strong>Tower Semiconductor</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsem-stock-quote/"><strong>TSEM</strong></a>) focuses on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe and internationally. It provides a wealth of customizable process technologies, including CMOS image sensors and integrated power management solutions. Since the start of the year, TSEM stock gained almost 8%.</p>



<p>One of the fundamental factors supporting Tower is the aforementioned stagehand narrative. Again, it&rsquo;s not the headline act. However, without foundries, the broader tech space wouldn&rsquo;t be going anywhere anytime soon. Having said that, TSEM presents a higher risk profile. For example, in the first half of 2023, the company&rsquo;s average earnings surprise was nearly 16% below breakeven.</p>



<p>However, it turned this narrative around in the second half, with the metric improving to nearly 7% up. Nevertheless, experts anticipate headwinds ahead, with fiscal 2024 revenue potentially falling 1% below last year&rsquo;s print of $1.42 billion.</p>



<p>Still, experts are <a href="https://www.tipranks.com/stocks/tsem/forecast">projecting a share price of $38.67</a>, implying over 18% upside. Combined with a modest 2.55X trailing-year sales multiple, TSEM is one of the discounted tech stocks to buy.</p>



<h2>Gen Digital (GEN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/cybersecurity-300x169.jpg" alt="A close-up shot of fingers over a keyboard with blue and white text overlaid."><div>Source: Shutterstock</div></div><p>Operating under the infrastructure software category, <strong>Gen Digital</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/gen-stock-quote/"><strong>GEN</strong></a>) provides cybersecurity solutions for consumers in the U.S., Canada and other global regions. Per its <a href="https://finance.yahoo.com/quote/GEN/profile">corporate profile</a>, Gen Digital offers security and performance products that provide real-time protection for PCs, Macs and mobile devices against malware, viruses, adware and other online threats.</p>



<p>To note, Gen Digital owns the Norton and LifeLock brands. That could be huge given the rising threat of nefarious online activities. Frankly, it&rsquo;s <a href="https://www.asppa-net.org/news/investment-firms-reportedly-overlooking-ai-cybersecurity-risk">not just about the cybersecurity risks</a>, which are plentiful and include artificial intelligence used for illicit purposes. Rather, the scams out there are becoming increasingly clever. Even the smartest individuals can fall prey, necessitating a protective platform.</p>



<p>While GEN is down 3% for the year, it&rsquo;s up more than 28% over the past 52 weeks. With the threat profile only expanding, analysts project fiscal 2024 EPS to hit $1.95 on revenue of $3.81 billion. Last year, the print came out to an EPS of $1.81 on sales of $3.34 billion.</p>



<p>Interestingly, GEN is trading for a lowly forward earnings multiple of 9.67X. Arguably, this makes it a very strong candidate for undervalued tech stocks to buy.</p>



<h2>ON Semiconductor (ON)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600a-300x169.jpg" alt="Close-up Presentation of a New Generation Microchip. Gloved Hand Holding Piece of Technological Wonder. Semiconductor stocks are in the news."><div>Source: Shutterstock</div></div><p>Operating obviously under its namesake category, <strong>ON Semiconductor</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/on-stock-quote/"><strong>ON</strong></a>) provides intelligent sensing and power solutions in the U.S. and internationally. The company operates through Power Solutions Group, Advanced Solutions Group and Intelligent Sensing Group. It offers critical solutions for multiple industries, including automotive (electric vehicles) and sustainable energy. However, it&rsquo;s a riskier idea among discounted tech stocks to buy.</p>



<p>Since the beginning of the year, ON stock dropped almost 15%. Over the past 52 weeks, it slipped 8%. However, if you have a long-term view, ON may be seen as a currently underappreciated gem. Should the tech space experience a bounce back (a not-impossible projection given the strength of the labor market), ON could be due for a recovery.</p>



<p>Last year, the company&rsquo;s average positive earnings surprise clocked in at 6.53%. However, due to anticipated difficulties in the innovation space, Wall Street believes a growth decline in earnings and revenue is likely.</p>



<p>Nevertheless, analysts overall rate shares a <a href="https://www.tipranks.com/stocks/on/forecast">moderate buy</a> with a $121.16 price target. Combined with a modest forward earnings multiple of 16.5X, ON is one of the discounted tech stocks to buy.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/7-tech-stocks-to-pick-up-from-the-discount-bin/">7 Tech Stocks to Pick Up From the Discount Bin</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Tech Stocks to Pick Up From the Discount Bin

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>With the <a href="https://investorplace.com/2024/04/recession-vs-rate-cut-what-does-the-march-jobs-report-means-for-stocks/">hotter-than-expected March jobs report,</a> you might think the dollar has lost value due to inflation, thus clouding the narrative of under-the-radar stocks. And yes, inflation is stubbornly high. That&rsquo;s what happens when more dollars chase after fewer goods.</p>



<p>At the same time, the dollar is very much elevated relative to a basket of international currencies. Indeed, the U.S. dollar index ripped higher, settling at 106 points. With that, Americans have (relatively speaking) increased purchasing power.</p>



<p>Under this scenario, many enterprises should benefit. However, these under-the-radar stocks could see a more substantial rise compared to their peers.</p>



<h2>Star Bulk Carriers (SBLK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/zim_shipping1600-2-300x169.png" alt="A large ULCV container ship underway, sails on open water fully loaded with containers and cargo - the ZIM San Francisco"><div>Source: ImagineStock / Shutterstock.com</div></div><p>Operating under the marine shipping segment of the industrials category, <strong>Star Bulk Carriers</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/sblk-stock-quote/"><strong>SBLK</strong></a></span>) presents an intriguing idea for under-the-radar stocks. Per its <a href="https://finance.yahoo.com/quote/SBLK/profile">public profile,</a> the company&rsquo;s vessels transport a range of bulk commodities. These include iron ores, minerals, grains, bauxite, fertilizers and steel products.</p>



<p>As stated earlier, the March jobs report delivered better-than-anticipated numbers. There&rsquo;s an argument to be made that the data doesn&rsquo;t lie. In other words, with increasing commercial activities comes a rise in demand for critical commodities. Essentially, Star Bulk is positioned well. Not surprisingly, analysts rate SBLK a <a href="https://www.tipranks.com/stocks/sblk/forecast">unanimous Strong Buy</a> with an average price target of $28. That implies upside potential of over 21%.</p>



<p>For the current fiscal year, experts project that earnings per share could hit $4.03. That&rsquo;s a big jump from last year&rsquo;s print of $1.84. And in the following year, EPS could rise to $4.78. However, the top-line projection is curious, with 2024 sales estimated to decline by almost 6%. Still, analysts are looking for sales to rebound in fiscal 2025 to $1.03 billion.</p>



<p>And, given the positive fundamentals, the projected revenue upside could come earlier.</p>



<h2>International Money Express (IMXI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/software1600b-300x169.jpg" alt="software stocks: Coding software developer work with augmented reality dashboard computer icons of scrum agile development and code fork and versioning with responsive cybersecurity"><div>Source: Shutterstock</div></div><p>Operating in the broader technology sphere, <strong>International Money Express</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/imxi-stock-quote/"><strong>IMXI</strong></a></span>) focuses on infrastructure software. With its subsidiaries, International Money is an omnichannel money remittance services enterprise. It operates in the U.S., Latin America, Mexico, Central and South America, the Caribbean, Africa and Asia.</p>



<p>Fundamentally, IMXI could be a relevant play for under-the-radar stocks thanks, in large part, to the robust American economy. Because of the strength of our economic machinery, more people from across the globe will likely come here for opportunities. I don&rsquo;t want to get into the politics of it, but let&rsquo;s say the Democrats maintain power &mdash; IMXI could then be a big hit as people send money back home.</p>



<p>Analysts peg IMXI as a consensus Strong Buy with a $26.25 price target, implying 21% upside potential. For fiscal 2024, they&rsquo;re looking for EPS of $2.19, above last year&rsquo;s print of $1.95. Further, revenue could land at $691.17 million, implying 4.9% growth from last year&rsquo;s sales of $658.74 million.</p>



<p>And with fiscal 2025 revenue projected to hit $751.25 million, experts believe that International Money&rsquo;s addressable market will continue to expand.</p>



<h2>Sibanye Stillwater (SBSW)</h2>



<div><img width="300" height="199" src="https://investorplace.com/wp-content/uploads/2014/07/2-300x199.jpg" alt="gold mining"><div>Source: &copy;iStock.com/TomasSereda</div></div><p>Simply the riskiest idea on this list of under-the-radar stocks, <strong>Sibanye Stillwater</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/sbsw-stock-quote/"><strong>SBSW</strong></a></span>) is a resource mining enterprise. Based in South Africa, Sibanye mines a variety of in-demand assets, including gold. Certainly, the yellow metal should thrive based on current fear-trade dynamics. However, I&rsquo;m particularly interested in the company&rsquo;s palladium business.</p>



<p>Palladium is an interesting precious metal. Industrially, it&rsquo;s a critical component in the manufacturing of catalytic converters. With electric vehicles suffering from demand drains, combustion-powered cars &mdash; including hybrid vehicles &mdash; enjoy an extended viability pathway. Further, Russia has historically dominated palladium production. That story is obviously a complicated one now.</p>



<p>So, what do we have now? Limited supply, high demand &mdash; that should theoretically bode very well for SBSW stock. Further, shares <a href="https://www.gurufocus.com/stock/SBSW/summary?search=sbsw">trade at only 11.3X forward earnings</a> and 0.63X trailing-year revenue. Both stats are undervalued relative to the mining industry.</p>



<p>However, analysts only rate shares as a consensus Hold. Still, if palladium demand rises as I think it will, SBSW stock would be one of the names to watch.</p>



<p><em>On the date of publication, Josh Enomoto did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines.</em></a></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/the-dollars-ripping-higher-cash-in-with-these-3-under-the-radar-plays/">The Dollar&#8217;s Ripping Higher: Cash In With These 3 Under-the-Radar Plays</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The Dollar's Ripping Higher: Cash In With These 3 Under-the-Radar Plays

An announcement from International Money Express Inc (IMXI) is now available. Justin B. Wender will step down from the Board of International Money...

Justin B. Wender Amicably Departs from International Money Express Board

Warning: IMXI is at high risk of performing badly

AMWD

CIVI

GDDY

HCKT

HEES

INSW

KARO

OPRA

PAYO

POWL

SBLK

SBSW

SMCI

TITN

TSEM

TSLX

UTHR

Earnings

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Intermex Reports Third Quarter Results

Intermex Appoints New Independent Director

General

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Intermex Reports Fourth Quarter and Full Year Results

Intermex and PickTrace join forces to help agriculture workers send money cross-border