Market Dips Present 'Buy' Opportunities

Share this content:
Investors dedicated enough to track the zigs and zags of a volatile stock market on a daily basis can be rewarded with chances to buy quality stocks at bargain prices.

Take Abacus Direct. The high-flying stock of this cooperative database manager experienced a three-week downturn and dipped below $40 per share July 28 before beginning a climb back the next day. Abacus' recent fate has been a function of the market more than the company itself.

"The dip was pretty broad-based across the marketing services sector,'' said Salomon Smith Barney analyst Janet Del Giudice. "The first half for Abacus is its toughest half, and it has beat estimates every quarter but once during the second quarter. Overall, we're positive on the company.''

American Business Information, which has changed its ticker symbol to IUSAB to reflect a name change to InfoUSA, also was down more than 20 percent in the last month.

Instead of regretting that they didn't buy soaring Internet stocks like America Online or last year when they were still affordable, investors might want to investigate what is going on at MicroWarehouse. The recent spinoff of the online auction business, uBid, by competitor Creative Computers has the market taking a closer look at the potential of MicroWarehouse's own online service for closeout and refurbished computer products,

"We believe that the company's rapidly growing e-commerce business is not at all reflected in the current stock price,'' wrote Nationsbanc Montgomery Securities in a July 7 report reiterating its buy rating. "The Internet is a logical extension of the company's direct catalog business.''

Portfolio Value: If $1,000 had been invested in each of these companies at the beginning of the year - for newly public companies when the stock first closed -- the value would be $103,701 an increase of 3.7 percent.

Next Article in Data/Analytics

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above