BIPC - 2 Magnificent Stocks to Buy That Are Near 52-Week Lows
2023-12-09 05:39:00 ET
The stock market is enjoying a nice bounce-back year. The S&P 500 has rallied nearly 20% this year, while the tech-heavy Nasdaq is up over 35%. Because of that, many stocks currently sit near their 52-week highs.
However, not all stocks have been in rally mode this year. Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) and NextEra Energy (NYSE: NEE) have fallen more than 20% over the past year and are currently trading closer to their 52-week lows. That makes them look like great buys right now, given how magnificent they've been at creating shareholder value over the years.
Shares of Brookfield Infrastructure have lost a quarter of their value over the past year and are down nearly a third from their 52-week high. They currently trade in the low $30s, not that far above their 52-week low of around $25 a share that they bottomed out at last month.
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2 Magnificent Stocks to Buy That Are Near 52-Week Lows