Home Finance News Spot picking: Purchasing additional shares of three oversold companies in a shifting market – CNBC.

Spot picking: Purchasing additional shares of three oversold companies in a shifting market – CNBC.

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Spot picking: Purchasing additional shares of three oversold companies in a shifting market – CNBC.

In this news article, titled “We’re picking our spots and buying more shares of three companies in a market tilting oversold,” CNBC reports on an investment strategy to capitalize on the current oversold market. The article highlights three companies that are considered attractive buying opportunities due to their performance and potential for growth. The strategy involves selecting specific moments and locations in the market to make these investments.

According to CNBC, one of the companies that investors should consider is Snap. The article mentions that despite Snap’s struggle to generate revenue beyond advertising, the company has the potential to save money through a focus on privacy. This unique approach could provide Snap with an edge in the market and make it a worthwhile investment.

Additionally, the article suggests looking into cheap stocks that present buying opportunities after the recent sell-off in the market. CNBC believes that these stocks could rebound and offer attractive returns in the coming months. This strategy of purchasing stocks at a lower price after a market downturn has historically proven to be profitable.

In conclusion, CNBC advises investors to be selective in their investments and take advantage of the oversold market by considering companies like Snap and exploring cheap stocks. By strategically picking specific moments and locations in the market, investors have the potential to gain favorable returns on their investments.

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