10 oversold blue-chip shares obliterated by the market last week

Credit: Woolworths

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%

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Motley Fool contributor John Hopkins has no position in any stocks mentioned. Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia owns shares of Computershare. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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