Adding five names intraday ...

When markets correct, often many solid names get caught up in a correction. In a sense the baby gets thrown out with the bath water. This creates opportunities for investors to find bargains.

There are five names I want to reinstate with the S&P now re-testing the August low and the Dow Jones off by 2500 points – 
names I had on a shopping list that have come down to where I am comfortable stepping in. 

Each of these names have corrected sharply and/or underperformed significantly since my exit and can be reinstated. All five are undervalued vs. the S&P and are trading with attractive multiples and/or with nice cash positions. 

If you are concerned that the market will go lower then hedge with short SPY and/or sell out-of-the-money put options on these names.

BBY is threatened by Amazon and other concerns but that is priced in with the shares trading < 9X and nearly 50% off its 52-week high.

Upgrading VRA from Hold to Buy ($13.48)

2017-2018 price target: $18

Upgrading FSLR from Hold to Buy ($59.19)

2017-2018 price target: $76

Upgrading BBBY from Hold to Buy ($43.38)

2017-2018 price target: $55

Upgrading NUAN from Hold to Buy ($18.04)

2017-2018 price target: $22

Upgrading JNPR from Hold to Buy ($25.44)

2017-2018 price target: $32