2 Stocks Down 12% and 13% to Buy Right Now

Group 1: Occidental Petroleum - Occidental Petroleum's stock has dropped 12% despite beating revenue and earnings expectations in Q2 2024, reporting revenue of $6.88 billion and adjusted EPS of $1.03, compared to analyst expectations of $6.8 billion and $0.77 [2] - The decline in stock price is attributed to analysts reducing price targets due to anticipated declines in energy prices, but long-term investors may find value in the stock [3] - The company expects a strong finish to 2024, bolstered by a $12 billion acquisition of CrownRock, which is projected to contribute free cash flow as long as oil prices remain above $40 per barrel [3][4] - Occidental Petroleum's free cash flow yield exceeds that of peers like Diamondback Energy and Hess, indicating strong operational performance [4] - The current stock price is near its 52-week low, presenting a potential buying opportunity for investors [5] Group 2: Whirlpool - Whirlpool has faced challenges due to prolonged high interest rates impacting the housing market and the major domestic appliance (MDA) market, leading to a shift towards replacement purchases [6] - The housing slowdown has negatively affected margins, prompting management to cut full-year earnings and cash flow guidance [6] - Despite these challenges, there is potential for recovery as lower interest rates could boost the housing market and discretionary spending on appliances [7] - Whirlpool has seen profit growth in segments outside of North America MDA and has implemented cost-cutting measures, aiming to reduce costs by at least $300 million this year [7] - The stock is currently undervalued at less than 9 times Wall Street analyst earnings expectations for 2024, with a dividend yield of 6.8%, making it an attractive option for passive income [7]