Buy 5 Large-Cap Laggards of 2024 Likely to Surge in the Near Term

Zacks12-23 20:48

U.S. stock markets have witnessed 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 ...

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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/buy-5-large-cap-laggards-124800525.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>Buy 5 Large-Cap Laggards of 2024 Likely to Surge in the Near Term</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\">\nBuy 5 Large-Cap Laggards of 2024 Likely to Surge in the Near Term\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-23 20:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/buy-5-large-cap-laggards-124800525.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock markets have witnessed 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/buy-5-large-cap-laggards-124800525.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":"RYAAY","symbol_name":"Ryanair Holdings plc","start_time":0,"source_url":"https://finance.yahoo.com/news/buy-5-large-cap-laggards-124800525.html","article_id":"2493070768","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/aePoY5ZOnV7ub408AqQ4QA--~B/aD00MzM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/7c4df663699c823ba05ae4b84ac121f2"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493070768","pubTimestamp":1734958080,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"U.S. stock markets have witnessed 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 13.6%, 25.1%, and 32.6%, 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 have the potential to return double-digit gains in the short term. Five such stocks with a favorable Zacks Rank are: Uber Technologies Inc. UBER, Ryanair Holdings plc RYAAY, Novartis AG NVS, Okta Inc. OKTA and Booz Allen Hamilton Holding Corp. BAH.Buy 5 Laggards of 2024 With Strong Short-Term Upside Potential. These five laggards of this year have double-digit upside left in the near term. Each of our picks ca","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RYAAY":"Ryanair Holdings plc","BK4230":"旅客陆运","OKTA":"Okta Inc.","BK4007":"制药","BK4536":"外卖概念","BK4566":"资本集团","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","BK4535":"淡马锡持仓","BK4588":"碎股","BAH":"博思艾伦咨询公司","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4116":"互联网服务与基础架构","BK4550":"红杉资本持仓","BK4500":"航空公司","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","BK4123":"调查和咨询服务","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4551":"寇图资本持仓","IE0002141913.USD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I2\" (USD) ACC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","BK4022":"陆运","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","IE00BJJMRZ35.SGD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I2\" (SGDHDG) ACC","IE00BFTCPJ56.SGD":"Janus Henderson Global Life Sciences A Acc SGD","BK4585":"ETF&股票定投概念","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","BK4560":"网络安全概念","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","BK4548":"巴美列捷福持仓","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU1206712785.SGD":"Aviva Investors - Multi-Strategy Target Return Ah SGD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","NVS":"诺华","IE0009355771.USD":"骏利亨德森环球生命科技A Acc","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","UBER":"优步","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc"},"translate_title":"买入5只2024年大盘落后股可能在短期内飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":1,"NVS":1,"OKTA":1,"RYAAY":1,"BAH":0.9},"content_text":"U.S. stock markets have witnessed 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 13.6%, 25.1%, and 32.6%, 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 have the potential to return double-digit gains in the short term. Five such stocks with a favorable Zacks Rank are: Uber Technologies Inc. UBER, Ryanair Holdings plc RYAAY, Novartis AG NVS, Okta Inc. OKTA and Booz Allen Hamilton Holding Corp. BAH. \nBuy 5 Laggards of 2024 With Strong Short-Term Upside Potential\nThese five laggards of this year have double-digit upside left in the near term. 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\nUber Technologies Inc.\nUber Technologies’ Delivery business benefits from robust online order volumes. UBER’s efforts to expand its delivery operations through successive acquisitions are encouraging. Continued recovery in Mobility operations is also aiding UBER. For fourth-quarter 2024, UBER expects gross bookings of $42.75-$44.25 billion. \nApart from the recovery in Mobility operations and the strong performance of the Delivery unit, UBER’s focus on financial discipline is encouraging as well. For fourth-quarter 2024, adjusted EBITDA is estimated between $1.78 billion and $1.88 billion. \nAstonishing Price Upside Potential for UBER Shares\nUber Technologies has expected revenue and earnings growth rates of 16.4% and 34%, respectively, for 2025. The Zacks Consensus Estimate for 2025 earnings has improved 0.4% over the last 30 days.\nThe average short-term price target of brokerage firms represents an increase of 52.4% from the last closing price of $60.73. The brokerage target price is currently in the range of $76 -$120. This indicates a maximum upside of 97.6% and no downside.\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 the 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\nRyanair Holdings has expected revenue and earnings growth rates of 8.1% and 30%, respectively, for next year (ending March 2026). The Zacks Consensus Estimate for next year earnings has improved 2.6% over the last seven days.\nThe average short-term price target of brokerage firms represents an increase of 27% from the last closing price of $44.70. The brokerage target price is currently in the range of $52-$62. This indicates a maximum upside of 38.7% and no downside. \nNovartis AG \nNovartis maintains strong momentum on the back of a strong and diverse portfolio with drugs like Entresto, Kesimpta, Kisqali, Cosentyx, Pluvicto and Leqvio. The label expansion of Kisqali further fuels sales of this drug. NVS recently increased its sales guidance for the mid-term due to the strong momentum of key drugs and upcoming launches. \nThe uptake of Pluvicto and Scemblix has been outstanding and should fuel NVS’ top-line growth. Approval of new drugs and label expansion of existing drugs should enable NVS to offset the adverse impacts from the generic competition of Tasigna, Promacta and Entresto. The recent spate of acquisitions and collaborations has strengthened NVS’ pipeline.\nHuge Price Upside Potential for NVS Stock\nNovartis has expected revenue and earnings growth rates of 5.2% and 10.3%, respectively, for 2025. The Zacks Consensus Estimate for 2025 earnings has improved 2.9% over the last 60 days.\nThe average short-term price target of brokerage firms represents an increase of 26.1% from the last closing price of $97.11. The brokerage target price is currently in the range of $120 to $125. This indicates a maximum upside of 28.7% and no downside. \nOkta Inc.\nOkta operates as an identity partner in the United States and internationally. OKTA offers a suite of products and services used to manage and secure identities, such as Single Sign-On, which enables users to access applications in the cloud or on-premises from various devices. \nOKTA’s Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data, while API Access Management enables organizations to secure APIs.\nAccess Gateway enables organizations to extend Workforce Identity Cloud, and Okta Device Access enables end users to securely log in to devices with Okta credentials. OKTA also provides Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization.\nExcellent Short-Term Upside for OKTA Shares\nOkta has an expected revenue and earnings growth rate of 7% and 4.9%, respectively, for the next fiscal year (ending January 2026). The Zacks Consensus Estimate for next-year earnings has improved 2.5% in the last 30 days.\nThe average short-term price target of brokerage firms represents an increase of 26.3% from the last closing price of $83.28. The brokerage target price is currently in the range of $75 to $140. This indicates a maximum upside of 68.1% and a downside of 9.9%.\nBooz Allen Hamilton Holding Corp.\nBooz Allen Hamilton Holding offers a solid investment option for those seeking stability, as the business is driven by long-term government contracts, and a strong reputation in defense and cybersecurity. BAH’s focus on operational efficiency, and investments in artificial intelligence and cybersecurity have positioned it for sustainable growth. \nBAH is benefiting from its Vision 2020 strategy, which has accelerated organic revenue growth, strengthened its profitability and fetched significant headcount and backlog growth. BAH’s VoLT strategy focuses on integrating velocity, leadership and technology in the process of transformation. \nMassive Short-Term Upside for BAH Stock\nBooz Allen Hamilton Holding has an expected revenue and earnings growth rate of 12.6% and 13.6%, respectively, for the current year (ending March 2025). The Zacks Consensus Estimate for current-year earnings has improved 5% in the last 60 days.\nThe average short-term price target of brokerage firms represents an increase of 28% from the last closing price of $131.19. The brokerage target price is currently in the range of $140 to $210. This indicates a maximum upside of 60.1% and no downside.\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\nNovartis AG (NVS) : Free Stock Analysis Report\nBooz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report\nOkta, Inc. (OKTA) : Free Stock Analysis Report\nUber Technologies, Inc. (UBER) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","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":"4.29.3","shortVersion":"4.29.3","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/2493070768"}