SBUX - 2 Magnificent Stocks to Buy That Are Near 52-Week Lows
2024-07-09 06:11:00 ET
The S&P 500 has been reaching all-time highs in 2024, mostly fueled by large-cap technology stocks. However, not all stocks have performed quite so well, and that's even true about some that could be excellent long-term investments.
Vici Properties (NYSE: VICI) is an excellent business with tons of growth potential that has been beaten down because of its interest rate sensitivity. Starbucks (NASDAQ: SBUX) disappointed investors with its first-quarter results, but is taking steps to get things back on track. Even though both stocks are far closer to their 52-week lows than the highs, here's why it could be a smart move to take a closer look at these proven winners.
Vici Properties is a real estate investment trust (REIT) that was spun off from Caesars Entertainment in 2018 to separate some of its real estate assets. In the years since then, it has evolved into the largest experiential REIT in the world, with 54 gaming properties and more.
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2 Magnificent Stocks to Buy That Are Near 52-Week Lows