Undiscovered Gems in United States To Watch This August 2024

In This Article:

In the last week, the market has stayed flat, but it is up 19% over the past year with earnings expected to grow by 15% per annum over the next few years. In this promising environment, identifying stocks with strong fundamentals and growth potential can lead to discovering true gems in the United States market.

Top 10 Undiscovered Gems With Strong Fundamentals In The United States

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Morris State Bancshares

10.20%

-0.28%

6.97%

★★★★★★

River Financial

131.04%

17.59%

20.70%

★★★★★★

Omega Flex

NA

2.13%

4.77%

★★★★★★

Teekay

NA

-8.88%

49.65%

★★★★★★

QDM International

NA

123.47%

83.88%

★★★★★★

Mission Bancorp

25.37%

16.23%

20.16%

★★★★★★

First Northern Community Bancorp

NA

7.12%

10.04%

★★★★★★

Gravity

NA

15.31%

24.42%

★★★★★★

CSP

2.17%

-5.57%

73.73%

★★★★★☆

FRMO

0.19%

6.49%

15.82%

★★★★☆☆

Click here to see the full list of 217 stocks from our US Undiscovered Gems With Strong Fundamentals screener.

Let's dive into some prime choices out of from the screener.

PC Connection

Simply Wall St Value Rating: ★★★★★★

Overview: PC Connection, Inc., along with its subsidiaries, offers a range of IT solutions globally and has a market cap of $1.89 billion.

Operations: The company generates revenue primarily from its IT solutions. For the most recent period, its gross profit margin is 15.5%.

PC Connection, a profitable and debt-free company, has seen its earnings grow by 16.8% over the past year, outpacing the Electronic industry's -9.9%. Trading at 1.8% below its estimated fair value, it also boasts high-quality earnings. Recent news highlights include Q2 sales of US$736 million and net income of US$26 million compared to last year's US$734 million and US$20 million respectively. The company will pay a quarterly dividend of $0.10 per share on August 30th, 2024.

NasdaqGS:CNXN Debt to Equity as at Aug 2024
NasdaqGS:CNXN Debt to Equity as at Aug 2024

Universal Stainless & Alloy Products

Simply Wall St Value Rating: ★★★★★☆

Overview: Universal Stainless & Alloy Products, Inc., along with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally, with a market cap of $346.61 million.

Operations: Universal Stainless & Alloy Products generates revenue primarily from its Metal Processors and Fabrication segment, which accounted for $311.46 million. The company operates in both domestic and international markets.

Universal Stainless & Alloy Products has seen a notable turnaround, achieving profitability this year with net income hitting US$8.87 million in Q2 2024, up from US$0.90 million the previous year. The company's debt to equity ratio is at a satisfactory 33.7%, and its interest payments are well covered by EBIT at 3.5x coverage. Trading at 76% below estimated fair value, USAP's high-quality earnings and recent inclusion in multiple Russell indexes indicate strong potential for future growth.