‘Beaten-down’ Tech and Comm names that could be winners long-term – BofA

Now could be an attractive entry point for some of the currently beaten-down technology and communications (NYSEARCA:IVRS) stocks, according to BofA Securities, whose analysts see emerging as secular winners over the long-term.

These are buy-rated S&P 500 (SP500) stocks that are down more than 20% from their 52-week highs:

• Warner Bros. Discovery Inc. (WBD) – Percentage change: -52.4%
• Micron Technology Inc. (MU) – Percentage change: -41.6%
• Advanced Micro Devices Inc. (AMD) – Percentage change: -40%
• CrowdStrike Holdings Inc. (CRWD) – Percentage change: -39.6%
• Jabil Inc. (JBL) – Percentage change: -35.1%
• Walt Disney Co. (DIS) – Percentage change: -30.5%
• First Solar Inc. (FSLR) – Percentage change: -30.5%
• ON Semiconductor Corp. (ON) – Percentage change: -29.4%
• Lam Research Corp. (LRCX) – Percentage change: -29.3%
• Akamai Technologies Inc. (AKAM) – Percentage change: -29.1%
• Tesla Inc. (TSLA) – Percentage change: -28.7%
• QUALCOMM Inc. (QCOM) – Percentage change: -28.5%
• Western Digital Corp. (WDC) – Percentage change: -27.7%
• Match Group Inc. (MTCH) – Percentage change: -27.1%
• Applied Materials Inc. (AMAT) – Percentage change: -25.5%
• Nvidia Corp. (NVDA) – Percentage change: -25.4%
• Salesforce Inc. (CRM) – Percentage change: -21.8%
• Broadcom Inc. (AVGO) – Percentage change: -21.3%
• Cisco Systems Inc (CSCO) – Percentage change: -21.2%