Contrarian Conquests: 3 Stocks Vanquishing the Naysayers for Massive Returns

InvestorPlace06-14

Tap into these three stocks vanquishing naysayers, growing impressively despite the sombre analyst sentiment. Robinhood (HOOD): It blew past analyst expectations, posting its best quarterly profit ...

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With investors still flocking towards AI, it’s an excellent time to invest in these stocks vanquishing naysayers.By going against the grain, contrarian investors look to scoop up overlooked stocks at a discount, positioning themselves for robust gains. However, this article focuses on stocks drawing subdued analyst sentiment yet continuing to perform remarkably well. Curated using the Gurufocus screener, these three stocks attract a c","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4522":"非洲概念","BK4539":"次新股","HOOD":"Robinhood","BK4102":"食品分销商","UNFI":"联合原生态食品","BK4122":"互联网与直销零售","BK4220":"综合零售","JMIA":"Jumia Technologies AG","BK4127":"投资银行业与经纪业","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4547":"WSB热门概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD"},"translate_title":"逆势征服：3只股票击败反对者获得巨额回报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HOOD":1,"JMIA":1,"UNFI":1},"content_text":"Tap into these three stocks vanquishing naysayers, growing impressively despite the sombre analyst sentiment.\nRobinhood (HOOD): It blew past analyst expectations, posting its best quarterly profit post-IPO.\nJumia Technologies (JMIA): As a leader in Africa’s digital and eCommerce expansion, Jumia shows promising long-term growth potential.\nUnited Natural Foods (UNFI): With an improved financial outlook through effective cost-cutting measures, UNFI is back with a bang.\n\n\n\n\n\n \n\nSource: Shutterstock\n\n\n\nContrarian investing can prove incredibly fruitful, with a narrow group of tech stocks still driving the market. With investors still flocking towards AI, it’s an excellent time to invest in these stocks vanquishing naysayers.\nBy going against the grain, contrarian investors look to scoop up overlooked stocks at a discount, positioning themselves for robust gains. However, this article focuses on stocks drawing subdued analyst sentiment yet continuing to perform remarkably well. Curated using the Gurufocus screener, these three stocks attract a consensus “hold” rating while posting double-digit one-month gains.\nRobinhood (HOOD)\nSource: dennizn / Shutterstock.comSince its IPO, Robinhood (NASDAQ:HOOD) has taken its investors on a tumultuous ride. But, the past year has been incredibly rewarding. HOOD stock surged over 146% last year and is up more than 82% year-to-date (YTD). Wall Street expects a breather in HOOD stock following those record gains. However, that expectation hasn’t materialized, with it gaining over 40% just this month.  \nThe incredible surge in value is linked to the firm’s robust top-line growth, a rise in customer engagement and its best quarterly profit post-IPO. Crypto and equity markets have been performing remarkably well. Especially following recent interest rate cuts, suggesting a promising sentiment shift ahead.\nIn its Q1 report, the company announced a GAAP EPS of 18 cents, surpassing expectations by a notable 12 cents. Moreover, its revenues shot up $618 million, marking a substantial 40.1% increase year-over-year (YOY). Also, transaction-based revenues surged by 59%, buoyed by a remarkable 232% surge in crypto revenues to $126 million. Additionally, HOOD announced its first-ever stock buyback program. The company plans to repurchase $1 billion of its shares over the next three years, underscoring its positive outlook.  \nJumia Technologies (JMIA)\nSource: monticello / Shutterstock.comJumia Technologies (NYSE:JMIA) is effectively spearheading the African digital revolution. JMIA is showcasing resilience and promising growth under the leadership of CEO Francis Dufay. Despite a lull in its business, the firm’s recent quarterlies point to a resurgence, with sales up a healthy 18.4% YOY to $48.9 million. On a constant currency basis, this growth balloons to a whopping 57%.\nParticularly, its fintech arm in JumiaPay has experienced a healthy uptick, with transactions soaring 52% YOY. Additionally, its adjusted EBITDA loss is down more than 80%, a testament to its management’s effective cost control and top-line expansion efforts. Moreover, most of its cash reserves are held in U.S. dollars, which positions it remarkably well in navigating currency devaluations.\nAs Jumia continues expanding its footprint across the continent, it remains a compelling investment proposition in Africa’s burgeoning eCommerce landscape. According to a report from IMARC Group, the African eCommerce market is set to grow to a massive $939.8 billion by 2032, exhibiting a 14.4% CAGR.\nUnited Natural Foods (UNFI)\nSource: Sorbis/Shutterstock.comUnited Natural Foods (NYSE:UNFI) is one of North America’s top wholesale distributors of health and specialty foods. It’s been on a healthy run in the past few weeks. Proving naysayers wrong, UNFI stock is up over 40% this month and more than 16% in the past week.\nThough it has had a patchy track record over the past couple of years, its recent results suggest it’s finally hitting its stride again. Its ongoing cost-cutting measures and efficiency improvement efforts led to an adjusted EPS beat by seven cents to 10 cents. Moreover, its management’s stellar execution led to the firm revising its adjusted EPS range for fiscal year 2024. The updated expectations for the full year range from a loss of 20 cents per share to a profit of 20 cents, compared to the previous range of a loss of 56 cents to a profit of just six cents. \nConsequently, UNFI stock is up over 37% for the month, which makes it an excellent pick for those looking to wager on stocks vanquishing naysayers.\nOn the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nMuslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/06/contrarian-conquests-3-stocks-vanquishing-the-naysayers-for-massive-returns/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2443664700"}