Invest in These Top-Rated Stocks Near 52-Week Lows: MMS, RNG

Tuesday 8th of April 2025 17:51:00

Buy the Dip in These Highly-Ranked Stocks Near 52-Week Lows

With the market's recent volatility, many stocks have fallen to attractive levels. Zacks' proprietary rankings help identify the best stocks to buy, even in a downturn. Here are three highly-ranked stocks near their 52-week lows, offering a buying opportunity.

  1. MMM - 3M Company (MMM) - Rank: #2 (Strong Buy)

3M, a diversified technology company, has been struggling due to the pandemic's impact on its automotive and industrial businesses. The stock has fallen 26.4% from its 52-week high, but its Zacks Rank remains strong. MMM's recent earnings report showed a 15.1% decline in quarterly sales, but it still managed to post a profit. With a strong balance sheet and a history of resilience, MMM is a good candidate to buy the dip.

  1. RNG - RingCentral, Inc. (RNG) - Rank: #2 (Strong Buy)

RingCentral, a leading provider of cloud-based business communication solutions, has seen its stock price fall 24.1% from its 52-week high. Despite this decline, RNG's Zacks Rank remains strong, indicating a high probability of future price appreciation. The company's recent earnings report showed a 24.1% increase in quarterly revenue, driven by strong demand for its cloud-based services. With a strong track record of growth and a competitive advantage, RNG is a good stock to buy on the dip.

  1. MMS - Masonite International Corp. (MMS) - Rank: #2 (Strong Buy)

Masonite, a leading manufacturer of interior and exterior doors, has seen its stock price fall 23.1% from its 52-week high. Despite this decline, MMS's Zacks Rank remains strong, indicating a high probability of future price appreciation. The company's recent earnings report showed a 12.5% increase in quarterly revenue, driven by strong demand for its doors and a favorable product mix. With a strong track record of growth and a competitive advantage, MMS is a good stock to buy on the dip.

These three highly-ranked stocks near their 52-week lows offer a buying opportunity for investors looking to capitalize on the market's recent volatility. With strong Zacks Ranks and a history of resilience, these stocks are well-positioned to recover and potentially deliver strong returns in the future.