4 Stocks To Buy At Their 52-Week Lows

While many momentum-focused investors focus on buying stocks near new highs and hoping the upward trend continues, other investors find value in searching for stocks that are poised to rebound after hitting new lows.

By purchasing stocks at their bottom, investors can capture maximum profits if and when the company turns things around. There is plenty of strength to go around in today’s market, but some firms have lost investor favor recently, and this “buy at the low” strategy remains popular.

Our proven Zacks Rank stock-picking system does not incorporate a stock’s recent price action. Instead, we focus on earnings estimates and earnings estimate revisions to find companies that are witnessing improved analyst sentiment and better-than-expected earnings results.

With that said, a stock that has been in a price rut recently could very well earn a strong Zacks Rank, and when searching for stocks that could bounce off their lows, those with strong Zacks Ranks are the best candidates to see share price improvements soon.

According to Barchart.com, at least 78 companies touched a new 52-week low today. Here are four that investors should consider buying now:

1. ReWalk Robotics Ltd. ( (NASDAQ:RWLK) )

ReWalk Robotics develops, manufactures and markets wearable robotic exoskeletons for individuals with spinal cord injury. Despite touching a new 52-week low today, the stock is currently a Zacks Rank #2 (Buy).

ReWalk has now posted a narrower-than-expected loss in two consecutive quarters, and the small-cap firm is witnessing strong revenue growth. While the company will remain in the red in 2018, its EPS estimates are improving. An offering of additional shares is dragging down this stock’s price right now, but the sale should be priced in at these levels, meaning investors could shift their focus to the company’s growth prospects soon.

2. NTN Buzztime, Inc. ( (NYSE:NTN) )

NTN Buzztime is a developer of interactive entertainment for restaurants, sports bars, and pubs. The stock has had an up-and-down year, and shares have hovered near their 52-week low over the past few trading days. Still, NTN is sporting a Zacks Rank #2 (Buy) and could be poised for a rebound soon.

NTN has struggled to turn a profit, but the company posted a significantly narrower-than-expected loss in its most recent quarter, and current consensus estimates are calling for an entrance into the green in the upcoming fiscal year.

3. Energy Transfer Partners, LP. ( (NYSE:ETP) )

Energy Transfer Partners LP is a master limited partnership with a complementary portfolio of oil and natural gas storage and transportation assets. The stock slumped to touch a new 52-week low on Tuesday, but it recently earned a Zacks Rank #2 (Buy) and should look to bounce back soon.

On top of its Zacks Rank, ETP now sports “A” grades in each of our Style Scores categories. On top of this, the company’s status as an MLP means that it returns plenty of profits to its investors. With a 14% dividend, income investors should be pleased with ETP, regardless of its short-term price volatility.

4. Check Cap Ltd. ( (NASDAQ:CHEK) )

Check Cap is engaged in the development of an ingestible imaging capsule for the screening of colorectal cancer. The stock has struggled to gain momentum and touched a new 52-week low today, but after moving to a Zacks Rank #2 (Buy), this small-cap medical diagnostics firm could be ready to gain.

While Check Cap remains in the red, our consensus estimate for its upcoming year EPS figures has improved by nine cents in just 60 days. What’s more, the company recently posted a loss that was 31% narrower-than-expected.

Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>