PFE - 3 Stocks Near Multiyear Lows That Could Bounce Back in 2024
2023-12-20 05:45:00 ET
When a company underperforms, the markets sometimes have a tendency to overreact. An earnings miss or a guidance cut can at times be enough to lead to a significant sell-off, even if the underlying business remains a sound investment.
Heading into 2024, there are three struggling stocks that are in negative territory this year but have the potential to bounce back. Dollar Tree (NASDAQ: DLTR) , Dollar General (NYSE: DG) , and Pfizer (NYSE: PFE) are all trading near multiyear lows, and could have much better performances next year.
In recent months, Dollar Tree stock has been rallying. But the retail stock is still down 8% year to date and trading around the levels it was at two years ago. The good news for investors, however, is that the rally has the potential to continue into 2024; the stock may still have a lot more room to rise.
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3 Stocks Near Multiyear Lows That Could Bounce Back in 2024