Stocks To Watch As The Market Tumbles: (ASTI) (BBRY) (AMZN) (SCTY)

If you take a look at what’s going on in the market today, no matter which sector you look into, you’re going to see a sea of red. All three blue chip indices are struggling at the moment. However, the great Warren Buffet once said something along the lines of when the market is driven by fear, it’s time to get greedy! Ultimately, we know that buying low and selling high is the way to go. So, I’ve picked out 4 stocks that investors should watch for low cost buying opportunities, as they are likely to climb in the near future. These stocks include Ascent Solar Tech, BlackBerry, Amazon, and SolarCity. Here’s why these are great stocks to watch as the market tumbles…

Ascent Solar Is Gearing Up For Gains

Ascent Solar Tech (NASDAQ: ASTI)

Ascent Solar has quite a bit going for them right now, and their stock has not yet reflected the positivity, making it a steal at the current value of $0.14 per share. Over the past month, we have seen a couple of great pieces of news surrounding the company:

  • GSA Schedule 56 Contract – First and foremost, ASTI was recently granted the GSA Schedule 56 contract. This government contract makes it easy for government agencies including all branches of the United States Armed Forces, United States Forest Services, and more to order Ascent Solar products.
  • Patents – Also, over the past month, ASTI has been granted two US patents with regard to the manufacturing of their lightweight solar products.

Considering the GSA Schedule 56 contract, I’m expecting that ASTI will see massive improvements in sales volume. As a result, earnings are likely to climb and the next earnings report is likely to prove to be a major catalyst for the stock. Also, the patents give the company a stronghold on proprietary manufacturing processes when it comes to lightweight solar systems, helping to keep the competition at bay! So, getting in while ASTI is trading low is a great idea in my book.

BlackBerry Is Likely To Climb As A Result Of A New Product Line

BlackBerry Ltd (NASDAQ: BBRY)

BlackBerry is another great stock to watch at the moment. While the market is having a rough time, BBRY has fallen to a point where the price is now looking great! Not to mention, gains are on the way. The company has been struggling for quite some time as their smartphone sales have been in the dumps. However, recently, BlackBerry released Priv, a new smartphone that combines the Android operating system with the hardware and security that BBRY is so well known for. As a result, sales went through the roof. Based on the success of Priv, it only makes sense that the company will be creating more products along the same lines and their share of the smartphone market will climb. So, I’m expecting to see strong gains in BBRY in the long run, making the current lows a great opportunity to get in at a low price!

Amazon Is A Great Pick For Momentous Growth, Inc. (NASDAQ: AMZN)

Amazon is another stock that’s having a rough time in the market today. So far, the stock is down more than $38, offering a steep discount to those that see the opportunity. Throughout the past year, AMZN has shown its strength by producing solid earnings reports. With incredible infrastructure, the company is now able to provide shipments faster than ever and solidify its position as a big player in the online retail space. Also, Amazon Web Services has already proven to be profitable and is only going to climb in value. All in all, things are looking great for AMZN with regard to the long term outlook, so you may want to consider getting in while the getting’s good!

SolarCity: A Renewable Energy Stock To Bank On

SolarCity Corp (NASDAQ: SCTY)

Finally, solar and other forms of renewable energy are already becoming the hot topic of 2016. Recently, Paris reached a landmark climate deal with 195 countries that have agreed to work to reduce greenhouse gas emissions. This means that these countries will have to reduce their dependence on fossil fuels, giving solar and other renewable energy companies a boost. As a result, sales volume at SCTY is likely headed upward. Another bit of news that will send SCTY upward is the fact that the United States government has extended a 30% tax credit for consumers and businesses that install renewable energy systems in their home or office. All in all, solar demand is headed up, and SolarCity is going to take a large chunk of the pie. So, if you’re not already invested in SCTY, now is a great time to get in!

Do You Know Of Any Others?

Do you know of any other great stocks to watch as the market declines? Let us know your picks in the comments below!

[Image Courtesy of SOS Leadership]

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