The Stocks Everyone Was Panicking About Just Bounced. Here's What's Next

Adobe, like other SaaS names, has experienced significant drawdowns over the past year, making it potentially undervalued.

Salesforce is considered undervalued, with its intrinsic value estimated to be significantly higher than its current price even with a 0% growth rate, and it's trading at a low forward PE.

Goldman Sachs reported a strong quarter with beats on revenue and EPS, driven by equities and investment banking, and management expressed confidence in navigating volatile markets.

Netflix is mentioned as having an upcoming earnings report.

ASML is noted for having an upcoming earnings report later in the week, which is important for the semiconductor and AI space.

Intel was mentioned as being up 4.4% on the day, indicating positive short-term performance.

Oracle was noted as being up 11% on the day, showing positive short-term movement.

Nvidia was mentioned as being flat on the day, indicating a neutral short-term sentiment.

CoreWeave is experiencing price target raises, with one moving from $125 to $175 while maintaining a buy rating, driven by its involvement with Anthropic and Meta.

Rubrik saw its price target cut from $70 to $58, but this still represents over 32% upside, with the analyst commentary not appearing overly bearish.

ServiceNow holds an outperform rating with a $219 price target, indicating substantial upside, as its platform is considered foundational despite AI disruption concerns.

Snowflake maintains an overweight rating with a $230 price target, suggesting nearly 90% upside, as AI is central to its growth strategy and enterprise demand.

Amazon is showing strong recent performance and year-to-date gains, with potential for significant upside to $300 per share driven by re-accelerating AWS growth, partly due to OpenAI and Anthropic partnerships.

Google Alphabet has shown positive year-to-date performance and significant gains over the past 5 days, with a forward PE of 26.5 times, though Meta is projected to overtake it in ad revenue.

Meta is projected to surpass Google in digital ad revenue by 2027, but despite recent gains, it remains down year-to-date and over the past 12 months, with a forward PE of 20.5 times.

Microsoft, despite being down year-to-date and over the past 12 months, shows potential upside based on DCF analysis, with a base case suggesting 6.2% higher value and a bull case 43.6% higher, though the creator remains cautious about its SaaS classification and the impact of OpenAI's partnership shifts.