5 Year-to-Date Laggards to Buy Amid Solid Near-Term Upside Potential

Zacks11-21 03:00

U.S. stock markets have been witnessing an impressive rally since the beginning of 2023 barring some minor hurdles. Wall Street’s bull run has got an added boost this year, to the surprise of a large ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485127477?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/SZN1KtruvN1kE7KHISHrJw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/124f1f4e4fcc578e5486ea52e0d08740","is_english":true,"pubTime":"2024-11-21 03:00","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2485127477","market":"us","top_or_hot":-1,"title":"5 Year-to-Date Laggards to Buy Amid Solid Near-Term Upside Potential","media":"Zacks","content":"<div>\n<p>U.S. stock markets have been witnessing an impressive rally since the beginning of 2023 barring some minor hurdles. Wall Street’s bull run has got an added boost this year, to the surprise of a large ...</p>\n\n<a href=\"https://finance.yahoo.com/news/5-date-laggards-buy-amid-190000443.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Year-to-Date Laggards to Buy Amid Solid Near-Term Upside Potential</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Year-to-Date Laggards to Buy Amid Solid Near-Term Upside Potential\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 03:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/5-date-laggards-buy-amid-190000443.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock markets have been witnessing an impressive rally since the beginning of 2023 barring some minor hurdles. Wall Street’s bull run has got an added boost this year, to the surprise of a large ...</p>\n\n<a href=\"https://finance.yahoo.com/news/5-date-laggards-buy-amid-190000443.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNAP","symbol_name":"Snap Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/5-date-laggards-buy-amid-190000443.html","article_id":"2485127477","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/SZN1KtruvN1kE7KHISHrJw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/124f1f4e4fcc578e5486ea52e0d08740"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485127477","pubTimestamp":1732129200,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"U.S. stock markets have been witnessing an impressive rally since the beginning of 2023 barring some minor hurdles. Wall Street’s bull run has got an added boost this year, to the surprise of a large section of financial pandits, who indiscriminately warned of overvaluation.Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 14.7%, 24.8%, and 28.6%, respectively. Despite this strong northbound movement, a long list of stocks significantly lagged this year.Nevertheless, an interesting observation is that a handful of these laggards, providing double-digit negative returns year to date, have the potential to return double-digit gains in the short term. Five such stocks with a favorable Zacks Rank are Adobe Inc. ADBE, Pfizer Inc. PFE, Dollar General Corp. DG, Snap Inc. SNAP and Ryanair Holdings plc RYAAY.Buy 5 Laggards of 2024 With Strong Short-Term Upside Potential","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNAP":"Snap Inc","SG9999001176.SGD":"UOB UNITED GLOBAL HEALTHCARE \"SGD\" (ACC)","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","BK4155":"大卖场与超市","SG9999013999.USD":"UOB UNITED GLOBAL HEALTHCARE FUND (USDHDG) INC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU1023059063.AUD":"BGF WORLD HEALTHSCIENCE \"A2\" (AUDHDG) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU1057294990.SGD":"Blackrock World Healthscience A2 SGD-H","LU0061474960.USD":"天利环球焦点基金AU Acc","ADBE":"Adobe","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","RYAAY":"Ryanair Holdings plc","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","LU0109392836.USD":"富兰克林科技股A","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4532":"文艺复兴科技持仓","BK4599":"减肥药","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","BK4008":"航空公司","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","BK4534":"瑞士信贷持仓","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","BK4576":"AR","DG":"美国达乐公司","BK4007":"制药","BK4566":"资本集团","LU0861579265.USD":"联博低波幅策略股票基金A","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU2317271919.USD":"BGF FUTURE CONSUMER \"A2\" (USD) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","PFE":"辉瑞","BK4568":"美国抗疫概念","SG9999001176.USD":"United Global Healthcare Acc USD","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4550":"红杉资本持仓","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0557290698.USD":"施罗德环球可持续增长基金","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H"},"translate_title":"由于近期上涨潜力强劲，值得买入5只今年迄今表现落后的股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DG":1,"PFE":1,"RYAAY":1,"SNAP":0.9,"ADBE":0.9},"content_text":"U.S. stock markets have been witnessing an impressive rally since the beginning of 2023 barring some minor hurdles. Wall Street’s bull run has got an added boost this year, to the surprise of a large section of financial pandits, who indiscriminately warned of overvaluation. \nYear to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 14.7%, 24.8%, and 28.6%, respectively. Despite this strong northbound movement, a long list of stocks significantly lagged this year. \nNevertheless, an interesting observation is that a handful of these laggards, providing double-digit negative returns year to date, have the potential to return double-digit gains in the short term. Five such stocks with a favorable Zacks Rank are Adobe Inc. ADBE, Pfizer Inc. PFE, Dollar General Corp. DG, Snap Inc. SNAP and Ryanair Holdings plc RYAAY.\nBuy 5 Laggards of 2024 With Strong Short-Term Upside Potential\nThese five laggards of this year have double-digit upside left for the rest of 2024. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. \nThe chart below shows the price performance of our five picks year to date.\nImage Source: Zacks Investment Research\nAdobe Inc.\nZacks Rank #2 Adobe has extensively implemented AI applications across its flagship products, such as Photoshop, Illustrator, Lightroom, and Premiere. Earlier this year, ADBE introduced generative AI-driven Adobe Firefly. Moreover, Adobe Acrobat and Reader AI Assistant help users summarize documents and answer questions, saving time and helping users accomplish tasks faster.\nUsing its new AI-driven cloud-based platform, ADBE is also diversifying into digital marketing services, offering data mining services that help businesses measure page views, purchases and social media sites. Adobe Marketing Cloud enables marketers to deliver personalized web experiences across multiple devices, manage multichannel campaigns and optimize media monetization. \nADBE has launched Adobe Express, an application for quick editing effects. Leveraging generative AI, this tool is useful for short-form video content like Instagram Reels. Adobe also launched an AI-based Express app for iOS and Android.\nImpressive Price Upside Potential for ADBE Stock\nThe stock price has plummeted 16.2% year to date. The average short-term price target of brokerage firms represents an increase of 22% from the last closing price of $499.61. The brokerage target price is currently in the range of $440-$703. This indicates a maximum upside of 40.7% and a maximum downside of 12%. \nPfizer Inc.\nPfizer’s non-COVID operational revenue growth is improving, driven by its key in-line products like Prevnar, Vyndaqel and Eliquis, new launches, and newly acquired products, including those from Seagen. Although revenues from PFE’s COVID-19 products are declining due to lower demand, huge profits from COVID products have strengthened its cash position.\nThe funds are being used to make acquisitions, increase dividends, buy back shares and reduce debt. Seagen’s acquisition has strengthened PFE’s position in the oncology market. Continued growth in non-COVID sales and significant cost-reduction measures should drive PFE’s profit growth.\nHuge Price Upside Potential for PFE Shares\nThe stock price has dropped 12.8% year to date. The average short-term price target of brokerage firms represents an increase of 29.1% from the last closing price of $25.10. The brokerage target price is currently in the range of $25-$45. This indicates a maximum upside of 79.3% and no downside.\nDollar General Corp.\nDollar General remains a compelling growth story in the retail space, despite immediate margin pressure and a tough consumer environment. Thanks to its value-creating initiatives, defensive product mix and real estate growth strategy, DG has the capability to gain market share. DG’s commitment to better pricing, private label offerings, effective inventory management and merchandise initiative should drive sales. \nWe remain encouraged by the host of initiatives such as DG Fresh, SKU rationalization, digitization and the expansion of private fleets that should yield same-store sales improvements and margin expansion. The company emphasizes maintaining and improving cash flow in 2024. Mirroring this optimism is our expectation of same-store sales growth of 1.2% and 1.9% for the current and next fiscal year, respectively.\nAttractive Price Upside Potential for DG Stock\nThe stock price has plunged 43.7% year to date. The average short-term price target of brokerage firms represents an increase of 24.8% from the last closing price of $76.50. The brokerage target price is currently in the range of $73-$125. This indicates a maximum upside of 63.4% and a maximum downside of 4.6%.\nSnap Inc.\nSnap reported strong third-quarter 2024 results. Solid daily active user growth was attributed to the steady adoption of Augmented Reality Lenses, Spotlight and AI chatbot. The Snapchat+ subscription service reached more than 12 million paying subscribers in the third quarter. \nSNAP made considerable progress in diversifying revenues with Snapchat+ through new artificial intelligence-enabled features. SNAP authorized a new share repurchase program of $500 million. We expect 2024 net sales to rise 15.4% from 2023.\nExcellent Price Upside Potential for SNAP Shares\nThe stock price has collapsed 37.9% year to date. The average short-term price target of brokerage firms represents an increase of 24.6% from the last closing price of $10.51. The brokerage target price is currently in the range of $8-$18. This indicates a maximum upside of 71.3% and a maximum downside of 23.9%.\nRyanair Holdings plc\nRyanair Holdings provides scheduled-passenger airline services in Ireland, the United Kingdom, Spain, Italy, and internationally. RYAAY’s measures to expand its fleet, to cater to rising travel demand, look encouraging. The passenger volume has been robust at Ryanair over the past few months owing to the rebound in air-traffic from COVID-19 lows.\nRYAAY is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise, and markets car hire, travel insurance, and accommodation services through its website and mobile app. \nRobust Price Upside Potential for RYAAY Stock\nThe stock price has tumbled 15.6% year to date. The average short-term price target of brokerage firms represents an increase of 27.3% from the last closing price of $45.02. The brokerage target price is currently in the range of $52-$62. This indicates a maximum upside of 37.7% and a maximum downside of 15.5%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nRyanair Holdings PLC (RYAAY) : Free Stock Analysis Report\nPfizer Inc. (PFE) : Free Stock Analysis Report\nDollar General Corporation (DG) : Free Stock Analysis Report\nAdobe Inc. (ADBE) : Free Stock Analysis Report\nSnap Inc. (SNAP) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","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":0},"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":"4.29.1","shortVersion":"4.29.1","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/2485127477"}