Value Stocks to Watch Now - February 20th

Today, three notable value stocks are attracting attention in the market: Invesco QQQ, ProShares UltraPro QQQ, and Intel. According to MarketBeat's stock screener tool, these stocks are identified as value stocks, which typically refer to shares that seem undervalued based on their intrinsic worth. These stocks usually feature lower prices compared to their fundamental business metrics such as earnings, dividends, and sales. Investors often buy these stocks hoping that the market will eventually recognize the true potential of these companies, resulting in an increase in stock prices. Recently, these companies had the highest trading volumes among value stocks.

Invesco QQQ (QQQ)

Invesco QQQ Trust, known as Series 1, is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The trust aims to deliver results that mirror the price and yield performance of the Nasdaq-100 Index. By investing in this trust, investors can acquire units that represent undivided interests in a portfolio closely aligned with the Nasdaq-100 Index securities.

As of mid-day trading on Thursday, NASDAQ:QQQ saw a decrease of $3.04, reaching $536.48. The trading volume for this security was 17,869,925 shares against an average volume of 29,798,994. The fifty-day moving average stands at $523.26, while the two-hundred-day moving average is at $499.81. The stock has a fifty-two week low of $413.07 and a high of $540.81.

ProShares UltraPro QQQ (TQQQ)

ProShares UltraPro QQQ ETF aims to attain daily investment results that correspond to three times (300%) the daily performance of the NASDAQ-100 Index. The fund invests in various equity securities and derivative instruments, including futures contracts and swap agreements.

During trading on Thursday, shares of NASDAQ:TQQQ fell by $1.49, reaching $88.91. A total of 33,029,433 shares were traded, compared to the average volume of 48,835,023. The stock has a fifty-day moving average of $84.12 and a two-hundred-day moving average of $76.29. Its fifty-two week low and high are $48.80 and $93.79, respectively.

Intel (INTC)

Intel Corporation is a leading company in designing, developing, manufacturing, marketing, and selling computing and related products globally. It operates through several segments, including Client Computing Group, Data Center and AI, and Mobileye. Intel’s product range consists of central processing units (CPUs), chipsets, graphics processing units (GPUs), and various semiconductor products.

On Thursday, shares of NASDAQ:INTC decreased by $0.05, trading at $25.67. The trading volume reached 109,839,338 shares, surpassing the average of 96,501,445. Intel has a market capitalization of $111.17 billion and a price-to-earnings ratio of -5.89. Its fifty-day and two-hundred-day moving averages are $20.64 and $21.59, respectively. The company has a fifty-two week low of $18.51 and a high of $46.63, along with a debt-to-equity ratio of 0.44.

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