There is nothing sweeter as an investor than picking up ASX stocks just before they rise.
Sure, long-term investing is about ignoring short-term movements, but there is no denying the psychological satisfaction of seeing your portfolio coloured green rather than red.
Plus every cent you can save on your entry price will go towards your eventual returns.
With this in mind, experts recently named two S&P/ASX 200 Index (ASX: XJO) shares that have come off the boil somewhat in recent times that still represent quality companies:
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'Strong underlying earnings growth'
The Qube Holdings Ltd (ASX: QUB) share price has lost more than 7.2% since a 23 February peak.
But Ord Minnett senior investment advisor Tony Paterno rates it as a buy, citing how pleasing its latest update to the market was.
"This integrated provider of import and export logistics services reported a bumper first half 2023 result," Paterno told The Bull.
"Underlying revenue of $1.497 billion was up 23.1% on the prior corresponding period."
The underlying net profit after tax was also boosted to the tune of 41%.
"The result highlights a material upswing in customer volumes," said Paterno.
"Qube benefits from diversified revenue streams. Guidance for strong underlying earnings growth has been reaffirmed for this financial year."
According to CMC Markets, six out of 16 analysts are currently rating Qube as a buy.
Aussie investors 'overreacted' in selling off this stock
Macquarie Group Ltd (ASX: MQG) is an old ASX 200 favourite that's made many shareholders and employees wealthy.
However, shares for the investment bank have dropped 6.2% since 7 March.
Fairmont Equities managing director Michael Gable feels like the sell-off was more because of the troubles that banks in the US and Europe faced last month, rather than anything inherently wrong with Macquarie itself.
"In our view, weakness was primarily due to overseas banking sector risks emerging after the collapse of Silicon Valley Bank," he said.
"However, we believe Australian investors over-reacted to overseas events."
So for Gable's team the current dip is merely a chance to buy Macquarie shares for cheap.
"We believe Macquarie Group can be considered a buying opportunity for a company with a strong track record of performance."
Seven out of 11 analysts currently surveyed on CMC Markets agree with Gable that Macquarie is a buy right now.
