Analysts identify discounted stocks like Carrier and Adobe

Stocks on Wall Street have stabilized after a sharp sell-off that began in February. However, the S&P 500 index is still about 8% below its all-time high, and the Nasdaq Composite is down more than 12%. Despite these numbers, analysts are finding some good deals in the market. Investors reacted positively to the Federal Reserve's recent hints at possible interest rate cuts, which provided some relief amid ongoing concerns about market conditions due to tariff threats from former President Donald Trump. Analysts are advising investors to "buy the dip" on stocks, suggesting that some are now priced more reasonably. They are spotting value in various industries, including software and heating and air conditioning units. For example, JPMorgan analyst Steve Tusa says Carrier is "cheap enough" now. He believes the stock has been undervalued due to tariff uncertainties and expects it to catch up to other companies in the same sector. Tusa upgraded Carrier's stock rating and set a price target that suggests it could rise over 17%. In the software sector, Barclays analyst Saket Kalia points out that Adobe is also undervalued. He believes the company's commitment to increasing revenue significantly is not reflected in its current stock price. Kalia suggests that Adobe is a bargain compared to its peers and sees potential growth from its new AI application. Furthermore, Bank of America analyst Didier Scemama states that semiconductor capital equipment stocks are currently trading at a discount. He highlighted ASML, a Dutch semiconductor equipment maker, as an attractive option with good earnings momentum. Scemama notes that ASML is about 24% cheaper than its historical averages and has significant upside potential in the next year.