Monolithic’s earnings growth is expected to continue apace, with analysts predicting 25% annual EPS growth over the next five years (but only 18.3% EPS growth in 2023). The median EPS growth of S&P 500 stocks is 12% over the same period, which tells us that this $22 billion company is growing its earnings at more than twice the average rate for the rest of the stock market. Over the last three years, annual EPS increased by an average of 33% and annual sales grew by an average of 31%.

MPWR has seen growth in earnings and revenue every year since 2015. This recent decline is the biggest in the stock in the past 10 years, potentially presenting an excellent opportunity to buy the dip. Over the last five years, shares are up a total of 290%- but as of writing, MPWR is currently trading about 30% below its all-time high of $580 from last November. Manufacturers install Monolithic’s chips to help reduce electricity consumption in their systems. Monolithic Power Systems manufactures integrated circuits used to manage power in various electronic systems. Each company has a multiyear history of growing earnings per share (EPS) and revenue, and analysts are still expecting similar growth in the years ahead. We have identified nine cheap stocks to buy that have fallen along with the S&P 500 and other major stock indexes over recent months. When you know which metrics of quality to track to uncover cheap stocks to buy, you can pick winners that the market may reward with higher prices after the dip. The truth is that many great companies get dinged in short-term market drops but tend to perform very well over time. Think of it like buying quality stocks at a discount. Done right, you can earn a fat discount on stocks with sound fundamentals and strong prospects. But picking the right stock to buy is tough: How do you decide which ones are poised to bounce back?īuying the dip is not a simple trading strategy and should be cautiously approached. When markets swoon and stock prices drop across the board, smart traders know there are deals to be had.

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