7 Undervalued Stocks That Are Screaming Buys Right Now The market’s summertime rally is losing momentum, but there still are undervalued stocks out there if you look. The rally’s short-term bullishness benefited traders, while investors who sat out of markets missed out. Fortunately, the resumption of the bear market of 2022 will reward investors seeking undervalued stocks. After markets ignored them, stocks that fell out of favor are at steep discounts. The further they are from fair value, the greater the stock’s margin of safety. Markets are in no hurry to increase their allocation of stocks, which means these undervalued stocks might take awhile to get started. In fearful times, investors prefer to hold cash and bonds. Still, the stock discount will reward investors who see the potential value in those beat-up companies. AMAT Applied Materials $101.48 ACLS Axcelis Technologies $72.39 DQ Daqo New Energy $62.23 FTNT Fortinet $50.16 LYB LyondellBasell Industries $88.25 TSM Taiwan Semiconductor $85.56 TOL Toll Brothers $46.22 Applied Materials (AMAT) Source: Andrey Suslov|Shutterstock Applied Materials (NASDAQ: AMAT ) earned $1.85 a share in its fiscal third quarter of 2022 .