3 Stocks the Market Threw Out With the Bathwater
Fear abounds in the market right now, with many stocks trading down significantly over the last couple of weeks. But broad market sell-offs like this can create individual opportunities as the stock prices for otherwise solid and profitable companies get pulled lower in the swirling rush to sell.
Indeed, here are three stocks where the market is erroneously throwing the baby out with the bathwater.
In mid-February, financial software company SS&C Technologies (NASDAQ: SSNC) reported fourth-quarter earnings that exceeded guidance. In the third quarter, it had guided for $247 million to $264 million in Q4 adjusted net income. But the company actually reported adjusted net income of $284.6 million, driven by stronger-than-expected revenue on deal wins among some large customers.
Source Fool.com
