In this current market it feels like a casino. We were told in 2022 to just wait until late 2022 and into 2023 for the recession… Which was also supposed to be a pullback. Mike Wilson, who is one of my favorite people to listen to regarding having their finger on the pulse of the market, even predicted very incorrectly that the beginning of 2023 we would see double digit drops for many stocks (see link: https://fortune.com/2022/11/30/wall-street-biggest-bear-mike-wilson-predicts-double-digit-percentage-drop-hit-stocks-early-2023/). This has not happened. Instead things are looking alright for now and even for the next handful of months. Now, come later 2023 I do not know I would be so positive. However regarding the several stocks that are soon to report in the coming weeks is there one that sticks out that has a lower P/E, a company with lower than normal debt, even one that is laying off customers, etc that you believe is undervalued? If I had to pick 2 I would say Z (Zillow) is one of my favorite and is deeply undervalued for the next few months and has upward mobility. It is probably even if it dips say 20% in the earlier part of 2024 a good long term hold. People need places to rent and Zillow is buying up rental properties in bulk still. My other favorite stock that is undervalued right now and reports earnings in Marathon oil. Oil should be trading higher right now, and should be just above $80 a barrel. Many reasons why it is not but that is not needed to be typed up here. Marathon oil reports this week and I see a stock price swing upward of a few percentages. Also a possible good long term hold even if later this year it goes down. If this post comes across as simple understand I just woke up because I work 3rd shift.
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