Less-known stocks gain attention as Nasdaq declines

The Nasdaq Stock Market experienced a strong rise over the past two years but has recently seen a decline. The Nasdaq Composite Total Return Index grew by over 44% in 2023 and more than 29% in 2024. However, from February 19 to March 14 of this year, it lost more than 11%. Some investors are wondering if this is a buying opportunity, but one expert suggests waiting a bit longer. He believes there may be a good chance to invest in less famous stocks soon. He recommends several companies for consideration. First is East West Bancorp, which specializes in financing film and television projects. This Pasadena, California bank has shown consistent revenue growth and is currently priced at about $88 a share. Next is Diamondback Energy, which operates in the oil-rich Permian Basin. The company has increased its revenue significantly over the past decade and is now priced around $150 a share, offering a potential buying opportunity. Another suggestion is Taylor Morrison, a homebuilder that emphasizes environmental controls and has seen impressive revenue growth. Matson Inc., an ocean shipping company based in Hawaii, focuses on long-term stability despite fears of trade wars. Its stock is priced around $130 a share. Lastly, Amphastar Pharmaceuticals, which specializes in inhalation products, is another recommended stock. Analysts expect its price to rise from about $27 to $38 in the coming year. The expert acknowledges that his previous stock picks have had mixed results, and he highlights that none of his current recommendations are part of the major technology stocks that have been popular recently. He personally owns shares in several of these companies, indicating his confidence in their potential.