3 Top Bargain Stocks Ready for a Bull Run

As the market continues to fluctuate, investors are always on the lookout for undervalued stocks with significant growth potential. Despite the current market conditions, there are still several bargain stocks that could be poised for a bull run in the near future. In this article, we will explore three top bargain stocks that have the potential to deliver impressive returns for investors.

1. Lumen Technologies (LUMN 1.72%)

Lumen Technologies, formerly known as CenturyLink, has been transforming its business model to focus on enterprise-oriented plans and AI connectivity. Despite initial struggles, its strategic shift towards bundling cloud, security, and collaboration services has positioned it for growth. Lumen's AI connectivity deals, including a $8.5 billion partnership with Microsoft's Azure, have revitalized its business wireline segment. With an enterprise value of $22.8 billion, trading at less than two times this year's sales, Lumen is undervalued and poised for a bull run as the AI market expands.

2. Applied Materials (AMAT 0.16%)

Applied Materials is one of the world's leading suppliers of semiconductor manufacturing equipment. Its growth accelerated during the pandemic as the top chipmakers expanded their capacity to cope with supply chain disruptions and chip shortages. However, its growth cooled over the past three years as it lapped that growth spurt, faced macro challenges, and dealt with tighter export restrictions against China. Despite these challenges, analysts expect its revenue and adjusted EPS to grow 9% and 10% respectively in fiscal 2025, driven by strong demand for AI chips and power-efficient chips. Trading at just 17 times forward earnings, Applied Materials offers significant upside potential.



3. Opendoor Technologies (OPEN -2.04%)

Opendoor Technologies is the largest "iBuyer" of homes in America. Its unique business model allows it to buy and sell homes quickly, taking advantage of market inefficiencies. With a strong balance sheet and a focus on growth, Opendoor is well-positioned to benefit from the housing market recovery. As the housing market continues to rebound, Opendoor's stock is ready for a bull run, trading at a forward P/E of 12, lower than its industry peers like Zillow (Z 0.00%) and Redfin (RDFN 0.00%), which trade at 15x and 18x respectively.

In conclusion, Lumen Technologies, Applied Materials, and Opendoor Technologies are three top bargain stocks that have the potential to deliver impressive returns for investors. Their strategic shifts, strong growth prospects, and undervalued status make them attractive investment opportunities in the current market environment. As always, it is essential to conduct thorough research and consider your risk tolerance before making any investment decisions.