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PEG Ratio Indicates Undervalued Bullish US Stocks: $DHI $MUFG $KGC

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D.R. Horton Partners With Zillow To Enable Clients to sell homes via Zillow Offers

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R. Horton Inc. (NYSE:DHI) stock is looking bullish and has a PEG ratio of 0.66. Since the PEG Ratio is less than 1, then it implies the company is undervalued. The company has partnered with Zillow. The partnership will enable homebuyers of D.R. Horton to sell their current homes via Zillow Offers. The company's customers who will sell through Zillow Offers will get an extended closing timeline of around 8 months as well as the flexibility of modifying the closing date.

The homebuilder is planning to construct single-family houses at a site in Jupiter. Stonewood Jupiter owns the property that is under the management of Richard Waserstein in Bay Harbor Islands. The company will build 85 homes at the site.

Mitsubishi UFJ Financial Group Expects Profits Of JPY500 This Fiscal Year

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Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG) has a PEG ratio of 0.45 and it looks bullish. As the PEG Ratio is less than 1, the company appears to be undervalued. The company has announced its consolidated report for the quarter ended June 30, 2020. In the quarter the company reported diluted earnings per share of JPY14.25. For the fiscal year ending March 31, 2021, the company expects to post profits attributable to shareholders of the parent company of JPY550 billion.

Recently the financial group hired Steven Feinberg and Mitchell Nadel as the Flo Products Co-Head as they expand their Fixed Income Trading platform. The two will spearhead Micro trading and will be based in New York.

Kinross Gold Reports Impressive Q2 Results Despite Impact Of Pandemic

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Another bullish stock that is greatly undervalued is Kinross Gold Corporation (NYSE:KGC) which has a PEG ratio of 0.46. The company had a strong Q2 2020 after it reported production of 571,978 gold equivalent ounces and sales of around 584,477 gold equivalent ounces. Despite the pandemic, the company's mines were operational with the Kupol, Tasiast, and Paracatu delivering a production of 64%. Net earnings were $195.7 million or 16 cents per share.

Kinross released the prefeasibility study results of the Lobo-Marte Project, Chile. The project will be an important asset to the company in the long term and will add 6.4 million ounces which are 25% to its 2019 mineral reserve estimates. The PFS results include total mine life of around 4.5 million gold oz at $545 per ounce and all-in sustaining costs of sales of $745 per ounce in its 15-year life.

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