🦉 3 undervalued stocks: Is now the right time to buy?
For savvy investors, hunting down undervalued stocks can mean unearthing overlooked stocks with big potential. In any market cycle, undervalued stocks are there, waiting to be scooped up at bargain prices, but they tend to get even less attention in a bull market, as we saw in 2023. If 2024 is a more challenging environment, undervalued and value stocks in general may perform better. Three currently unappreciated stocks are WK Kellogg Co. (NYSE: KLG), Newmont Corp. (NYSE: NEM), and WEC Energy Group Inc. (NYSE: WEC). These stocks hail from very different industries, but the common den....
Equity markets advanced on Monday, extending the prior week's rally into new all-time high territory. However, Monday's move was small and cautious and may not lead to additional gains, given the expectation for news. The week's news includes the first read on Q4 GDP and the December PCE price index, either of which could alter the expectation for FOMC interest rate cuts. As it is, interest rates will likely remain at their current levels until well into the summer without some indication of economic weakening or deceleration of inflation.
As many reasons as there are to fear a market correction, it is hard to argue with the charts. The S&P 500 has broken to a new high and could easily extend its run through the year's first half. There is a risk the FOMC will keep rates high for longer than the market is pricing in, but so long as the economy continues to grow and the consumers spend, equity markets may not care.
For savvy investors, hunting down undervalued stocks can mean unearthing overlooked stocks with big potential. In any market cycle, undervalued stocks are there, waiting to be scooped up at bargain prices, but they tend to get even less attention in a bull market, as we saw in 2023. If 2024 is a more challenging environment, undervalued and value stocks in general may perform better. Three currently unappreciated stocks are WK Kellogg Co. (NYSE: KLG), Newmont Corp. (NYSE: NEM), and WEC Energy Group Inc. (NYSE: WEC). These stocks hail from very different industries, but the common den...
Macy's is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn't provide a viable financing plan.Arkhouse and Brigade offered $21 for each of the remaining shares in Macy's they don't already own. Shares of New York-based Macy's rose 3.6% Monday to close at $18.26. Last week Macy's said that it was laying off about 3.5% of its total headcount, or about 2,350 employees. The department store operator also announced that it was closing five locations. Macy's said its board reviewed the investment firms' proposal and not...
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