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Stocks and ETF to Buy Now
We will look at 7 stocks and 1 ETF that are oversold now. The stocks are WDC Western Didital, DUK Duke Energy, DTE Dte Energy, EXC Exelon Corporation, STX Seagate Technology, JNPR Juniper Networks, LUMN Lumen technology, and the ETF is XLU which is a Utility ETF.

When investing your money, you should be looking for opportunities.


When investing in stocks the best opportunities are good companies that have pulled back. This provides an opportunity to enter at a low in the chart, it may never be the lowest or the exact time, but it usually provides a good opportunity. We will look at 7 stocks and 1 ETF that are oversold now. The stocks are WDC Western Didital, DUK Duke Energy, DTE Dte Energy, EXC Exelon Corporation, STX Seagate Technology, JNPR Juniper Networks, LUMN Lumen technology, and the ETF is XLU which is a Utility ETF.  

 
  1. 1. Western Digital (WDC).  

Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company's portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions). The Company develops and manufactures a portion of the recording heads and magnetic media used in its hard drive products. 

https://www.etrade.wallst.com/v1/stocks/snapshot/snapshot.asp?symbol=WDC 


It has pullback recently from the $78 level. The stock has run as high as $106 in 2018 which would be a 50% gain from this area if it tested that area again. Earnings will be out in August and this company has seen an increase in HDD demand due to cryptocurrency farming. If you are looking to start or add to a position the oversold territory is always a good area to enter. Look at the chart and the position the prior oversold territory would have gotten you. Some people think the stock could drop to $50 some think it should be at $150, if anyone knew where it will be in the next 6 months, they would be the king of the stock market. No one knows, always just manage your positions well.  

 
WDC
  1. 2. Duke Energy (DUK). 

Duke Energy Corporation (Duke Energy) is an energy company. Its segments include Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sells electricity to customers within the Southeast and Midwest regions of the United States. The operations include electricity sold wholesale to municipalities, electric cooperative utilities and other load-serving entities. Gas Utilities and Infrastructure segment serves residential, commercial, industrial and power generation natural gas customers. Commercial Renewables primarily acquires, builds, develops and operates wind and solar renewable generation throughout the continental United States. Its 144 MWac Pflugerville Solar Project generate energy to power approximately 27,000 homes. 

https://www.etrade.wallst.com/v1/stocks/snapshot/snapshot.asp?symbol=DUK 


Duke has pulled back about 5% lately and only down around 8% from its all-time highs which where quick spikes in the stock. This company pays a 3.87% yield as of right now, which is a decent dividend. It has had latest news of an activist investor trying to urge them to separate into three companies. That could get interesting for stockholders. The chart is in oversold territory and would be a good entry point for anyone trying to add to their current or start a position. Look at the chart and see where the previous oversold entries would have put you in owning this stock.  

Duke stock chart
  1. 3. DTE Energy (DTE) 

DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt 

https://www.etrade.wallst.com/v1/stocks/snapshot/snapshot.asp?symbol=DTE 


This is another utility company that has pulled back about 10% from its last overbought area. The company pays 3.31% dividend as of right now. If it tests its previous high and gains more over the years that would be around a 10% + price increase not including any dividends. Its next ex-dividend date is 9/17/2021.  

DTE stock chart
  1. 4. Exelon Corporation (EXC)  

    Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses. It operates through 12 segments: Generation's six segments: Mid-Atlantic, Midwest, New England, New York, ERCOT and Other Power Regions; ComEd; PECO; BGE, and PHI's three utility segments: Pepco, DPL and ACE. Generation's integrated business consists of the generation, physical delivery and marketing of power across geographical regions through its customer-facing business, Constellation, which sells electricity and natural gas to both wholesale and retail customers. 

    https://www.etrade.wallst.com/v1/stocks/snapshot/snapshot.asp?symbol=EXC 

    Exelon has experienced about a 6% pullback from its recent high and is about 10% lower from its all-time high. It is considered a moderate buy with an average of $50 price target. This utility pays a 3.46% dividend as of now and with its stock price in oversold territory would make a good place to add to your current position or start one. Look at the chart and the previous oversold areas.  


EXC stock chart
  1. 5. Seagate Technology (STX) 

    Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company's principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers. Its storage technology portfolio also includes storage subsystems and high performance computing solutions. Its products are designed for applications in enterprise servers and storage systems, client compute applications and client non-compute applications. It designs, fabricates and assembles various components found in its disk drives, including read/write heads and recording media. Its design and manufacturing operations are based on technology platforms that are used to produce various disk drive products that serve multiple data storage applications and markets. 

    https://us.etrade.com/etx/mkt/quotes?symbol=stx#/snapshot 

     

    Seagate has had a recent 15% pullback. This company is also up 38% for the year of 2021, so it was a healthy pullback. It has an average price target of $101.29 per share. That would be a 17% increase in its current share price. As of right now the dividend yield is 3.1%. The stock is in oversold territory and could be taken as an opportunity to start a position or add to one. Examine the chart and see how the previous times this stock has been oversold has worked out for entries. That does not mean it always will, but this is a good company to hold onto as cryptocurrency farming and technology is only growing from here from the looks of it. 

STX
  1. 6. Juniper Networks (JNPR) 

     Juniper Networks, Inc. designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 150 countries in three geographic regions: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company sells its high-performance network products and service offerings across routing, switching and security technologies. Its products and services address network requirements for its customers, including Cloud, Service Provider, and Enterprise. The Company offers its customers various services including maintenance and support, professional services, and education and training programs. The Company's Junos Platform enables its customers to expand network software into the application space and deploy software clients to control delivery. The Junos Platform includes a range of products, such as Junos Operating System (OS) Evolved. 

    https://www.etrade.wallst.com/v1/stocks/snapshot/snapshot.asp?symbol=JNPR 

    Juniper just had a bout a 6% pullback before it entered the oversold territory on the chart. The last two times it was oversold it had an 8% run up from that area that took about 17 days. The company also pays a 2.89% dividend right now. It is average price target right now is $26.49 which is under the last close of $27.69. The stock is creating an upward channel and pulled back to the oversold area and might be ready for another 8% or so run, this would make it a suitable time to start a position or add to it.  


JNPR stock chart
  1. 7. Lumen Technologies (LUMN) 

    Lumen Technologies, Inc., formerly CenturyLink, Inc., is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. The Company operates five segments; International and Global Accounts Management (IGAM), Enterprise Segment, Small and Medium Business (SMB), Wholesale Segment and Consumer Segment. The Company provides Internet Protocol (IP) and Data Services which includes Virtual private network (VPN) data networks, Ethernet, IP, content delivery and other ancillary services; Transport and Infrastructure it includes wavelengths, dark fiber, private line, data center services, including cloud, hosting and application management solutions, and professional services; Voice and Collaboration provides local and long-distance voice, including wholesale voice, and VoIP services; and Broadband services offers high and low-speed fiber based Digital subscriber line (DSL) broadband services. 

    https://us.etrade.com/etx/mkt/quotes?symbol=lumn#/snapshot 

    This stock has some resistance around the $15.30 area but if it breaks above that it could see $20 easy. This stocks right now is paying a 7.17% yield and sitting at $14.00 a share. From there to $15.30 is about a 10% increase along with your dividend. The average target price is $11.50, but who care what analyst say? That would be a 20% pullback from this area. Looking at the chart the channel is trending up and I do not see that happening but hey this is just my $.02. 




LUMN stock chart

  1. The ETF, the safest of them all. 
  2. 1. Select Sector Utility ETF (XLU) 

The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in the Utilities Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: electric utilities; water utilities; multi-utilities; independent power and renewable electricity producers; and gas utilities. The fund is non-diversified. 

https://us.etrade.com/etx/mkt/quotes?symbol=xlu#/snapshot 

The Top ten holdings of this ETF are. 

  1. Nextera Energy 

  1. Duke Energy 

  1. Southern Corp 

  1. Dominion Energy 

  1. Exelon Energy 

  1. American Electric power corp. 

  1. Sempra Energy 

  1. Xcel Energy 

  1. Public Service enterprise 

  1. WEC Energy Group. 

This Etf pays a 3.08% yield as of right now. Looking at the chart It has had a recent 5% pullback and seems to struggle at the $67-68 range. Last year it’s highway $71.10 a share and if retraced to those highs it would be an 11% gain on top of the yields and security it brings. The chart is oversold and presents a good place to start or add to a position. 

XLU stock chart

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Living the simple life everything must be simple, from investing strategies to income strategies. Investing money for beginners can be complicated, I keep investing simple. If you do not want to buy mutual funds which I prefer when investing at least add and create your positions when the stock or etf you like is oversold. Personally, I only trade leveraged ETF’s and you can see why in my holy grail trading strategy. Personally, I believe if you are investing the best way is to add to mutual funds and ETF’s when they are oversold, or a weekly auto invest. Trading, keep it simple by buying certain leveraged ETFs when they are oversold.