Today is an incredibly rough day for the market as a whole. During yesterday's vote, British consumers voted to leave the European Union. As a result, global economic fears are leading to market-wide declines around the world. Nonetheless, any time we see market-wide declines, we generally see big opportunities being created. That's exactly what's happening this time around. Today, we'll talk about 3 stocks worth buying at the bottom and why they are creating a compelling opportunity.
SolarCity Corporation (NASDAQ:SCTY)
SolarCity is one of the first stocks on my radar at the moment. Recently, we saw big gains in the value of the stock after the company announced that it had received a takeover bid from Tesla (NASDAQ:TSLA). Nonetheless, SCTY is a victim of today's declines.
While the stock may be falling at the moment, I don't see declines lasting forever. The truth is that SCTY is an incredible company. The company has built its business around creating solar power systems for households and commercial buildings, and it has done an incredible job of taking the leadership position in the industry.
While debt is a concern for some investors, SolarCity has restructured its financing process, taking the risk off of the company and making the financial picture more appealing. As more and more people continue to move toward solar, we're likely to see further demand for the company's products and strong sales in the long run. All in all, SCTY seems as though it's geared for growth.
BlackBerry Ltd (NASDAQ:BBRY)
BlackBerry is another company that is well worth watching at the moment. While the company has struggled in the past, things seem to be moving in the right direction. Recently, the company reported its earnings. While revenue was a bit of a miss, BBRY did incredibly well with regard to earnings, blowing away analyst expectations.
An important fact that came up during the most recent earnings report was that the company's software business is working out incredibly well. In fact, if things continue to go in this direction, the company will finally see profitability again - something that BBRY hasn't seen in quite some time.
While the stock is tanking today as the result of the Brexit vote, as mentioned above, things are starting to point in the right direction. Not only is BlackBerry seeing positive news with regard to software, new moves on the smartphone handset playing field will likely lead to further gains. All in all, this is a compelling opportunity.
Amazon.com (NASDAQ:AMZN)
Amazon, like just about any other stock on the market today is having a rough time. Nonetheless, this is another one that's likely to create a big opportunity. You see, lately, we've heard a ton of good news from AMZN.
Between great data from Prime, a solid infrastructure, and a mastermind CEO, this stock is likely to soar in the long run. So, buying the dip would likely prove to be a great opportunity.
What Are You Buying?
What stocks are you buying following the Brexit?