3 stocks to consider buying as bearish sentiment recedes

Mullen Automotive, Inc., Ubiquiti Inc., Catalent Inc and others have been dropping. Here is what you should know.

Markets are mixed with Dow Jones drawing back 0.72% to 33,100. S&P 500 slipping 0.3% and closing at 4,124.

This limbo state is reflected by market data published as United States Retail Sales released earlier showed a marked improvement to 0.4% from the preceding data of -0.7%, but fell short of the 0.8% figure forecast by a consensus of market analysts.

What is a downtrend?

The perceived tendency of a price to move in a downward direction over time. A downtrend describes the price movement of a continously depreciative financial asset over a particular time frame. In a downtrend, each successive low and peak is lower than the ones found earlier in the trend. The downtrend is therefore composed of lower swing lows and lower swing highs.

| Mullen Automotive | 39.85% fall over 10 days

Having fallen 2.56% from $1.25 in the current session, Mullen Automotive, Inc. is now trading at $1.22. The automotive industry company is sliding down from $1.25 to $1.22, taking a 2.56% loss as it nears the end of the session.

| Ubiquiti | 37.57% decline over a month

Having fallen 4.12% from $176.9 in the current session, Ubiquiti is now trading at $169.61. The wireless equipment maker is sliding down from $176.9 to $169.61, taking a 4.12% loss as it nears the end of the session. Just recently, Ubiquiti's board disclosed a quarterly dividend of 60 cents per share to be paid on Monday, May 22nd for all shareholders of record up until Monday, May 15th. Based on current prices, the company's decision thereby provides Ubiquiti investors with an annual dividend yield of 1.41%.

| Catalent | 36.16% decline over 12 days

Having fallen 3.6% from $33.19 in the current session, Catalent is now trading at $32. The pharmaceutical developer is sliding down from $33.19 to $32, taking a 3.6% loss as it nears the end of the session. Catalent is scheduled to announce earnings results Friday. The consensus EPS estimate is 0.43 and the consensus revenue estimate is $1 billion.

Catalent trades at $32 ahead of quarterly performance report which is scheduled to be released Friday.