Last week, we saw some of our biggest names get obliterated on the S&P/ASX 200 (Index:^AXJO) (ASX:XJO). In a lot of cases they have been unfairly oversold.
Warren Buffett once said that as an investor it is wise to be: "Fearful when others are greedy and greedy when others are fearful."
As a value investor, it's important to keep your head, when others are losing theirs.
Today, I've compiled a list of top names that have been hammered so badly that they're now sitting near their 52 week lows. There is no doubt that some, if not all will rebound, once the market overcomes its short-sightedness.
When you take a look at this list below ask yourself one question.
Do you think these big names are likely to rebound over the longer term?
I do!
Company | Last Week | Relative to 52 week low |
Macquarie Group Ltd (ASX: MQG) | -8.47% | 0.10% |
Lend Lease Group (ASX: LLC) | -6.40% | 0.61% |
Woolworths Limited (ASX: WOW) | -6.69% | 0.77% |
Westpac Banking Corp (ASX: WBC) | -7.55% | 1.34% |
National Australia Bank Ltd (ASX: NAB) | -8.77% | 1.34% |
QBE Insurance Group Ltd (ASX: QBE) | -8.02% | 1.37% |
Amcor Limited (ASX: AMC) | -2.47% | 1.41% |
Australia and New Zealand Banking Group (ASX: ANZ) | -7.93% | 1.46% |
Ramsay Health Care Limited (ASX: RHC) | -4.01% | 1.50% |
Computershare Limited (ASX: CPU) | -13.67% | 2.54% |