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Buy-the-Dip Candidates in the Stock Market: Tesla, Palantir

These stocks that fell this past week could be 'buy the dip' opportunities. Recent losers include Seagen, Penn National, Palantir, Canopy Growth, Pepsi, and more.

Stocks are rising Monday as the vaccine distribution is improving and economic stimulus is giving support to the market. Oil prices are rising as Texas is in a deep freeze and the price of Bitcoin is hitting new highs.

In the last episode of Mad Money, Jim Cramer gave investors a game plan on how to trade in the market as earnings season comes to an end.

Here are several stocks that fell this past week and could present an opportunity to "buy the dip".

1. GameStop | -17.83% 5 day | +162.66% 1 Month

Cramer talked about the investor revolution we are seeing this year that started with the GameStop  (GME) - Get GameStop Corporation Report gamma squeeze. 

TheStreet Quant Ratings rates GameStop as a Sell with a rating score of D.

2. Seagen | -13.00% 5 day | -8.06% 1 Month

Seagen  (SGEN) - Get Seagen Inc. Report, the biotech company, reported quarterly financials that topped analyst estimates this past Thursday. Seagen also reported rising revenue year-over-year.

TheStreet Quant Ratings rates Seagen as a Buy with a rating score of B-.

3. Blackline | -10.13% 5 day | +5.04% 1 Month

Blackline  (BL) - Get BlackLine Inc. Report, the cloud-based software company, beat its fourth-quarter earnings and revenue estimates.

TheStreet Quant Ratings rates Blackline as a Hold with a rating score of C.

4. Fastly | -9.80% 5 day | +13.88% 1 Month

Fastly  (FSLY) - Get Fastly Inc. Class A Report will report its quarterly financials this upcoming Wednesday and Cramer said on Mad Money that he will be watching.

TheStreet Quant Ratings rates Fastly as a Sell with a rating score of D+.

5. Penn National Gaming | -7.83% 5 day | +12.15% 1 Month

Cramer announced earlier this month that he is a firm believer in Penn National Gaming  (PENN) - Get Penn National Gaming Inc. Report and thinks the gambling space will continue to grow.

TheStreet Quant Ratings rates Penn National as a Hold with a rating score of C.

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6. Palantir Technologies | -6.28% 5 day | +21.89% 1 Month

Palantir  (PLTR) - Get Palantir Technologies Inc. Class A Report was rising at the start of this past week after a partnership with IBM but started falling on Wednesday through the rest of this past week. TheStreet looked at the charts to see if it's time to buy the dip in Palantir.

TheStreet Quant Ratings doesn't have a rating for Palantir.

7. Canopy Growth | -6.10% 5 day | +30.37% 1 Month

Canopy Growth  (CGC) - Get Canopy Growth Corporation Report started rising as the red-hot cannabis sector hit volatility towards the end of this past week.

TheStreet Quant Ratings rates Canopy Growth as a Hold with a rating score of C-.

8. PepsiCo | -5.03% 5 day | -5.35% 1 Month

PepsiCo  (PEP) - Get PepsiCo Inc. Report reported earnings that topped estimates this past Thursday and set guidance for growth in the new year. Cramer thinks it's okay to own a speculative play like Tilray but that you should also own "boring" Pepsi as well. 

TheStreet Quant Ratings rates Pepsi as a Buy with a rating score of A-.

9. DraftKings | -4.38% 5 day | +14.38% 1 Month

Cathie Wood added shares of DraftKings  (DKNG) - Get DraftKings Inc. Report for its investments for Ark Invest Next Generation but gambling stocks were tumbling this past week and sent shares further down.

TheStreet Quant Ratings doesn't have a rating for DraftKings.

10. Tesla | -4.24% 5 day | -3.92% 1 Month

Tesla  (TSLA) - Get Tesla Inc. Report bought $1.5 billion of the digital asset Bitcoin and announced that it will start accepting the cryptocurrency as payment.

TheStreet Quant Ratings rates Tesla as a Hold with a rating score of C.

NOTE: Recently, Quantitative Analysis by TheStreet Quant Ratings objectively rated these stocks according to its risk-adjusted total return prospect over a 12-month investment horizon. Not based on the news on any given day, the rating may differ from Jim Cramer's view or that of this articles' author.

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