As part of every earnings season, the stock market knocks some stocks down onto the discount rack. Sometimes this is justified due to a company's underperformance, poor outlook, or a dividend cut. Other times, the market focuses on the wrong metrics and misprices a top stock. That's the time for savvy investors to go bargain shopping.
Two stocks in bargain territory after their most recent earnings reports are iRobot (NASDAQ:IRBT) and Apache Corporation (NYSE:APA).
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