LOVE - 3 Stocks That Could Lead the Market Rebound
2023-06-13 05:51:00 ET
By some accounts, the stock market is already in rebound mode. Since bottoming out back in October, the S&P 500 index has jumped about 20%. Still, the index remains slightly more than 10% below its all-time high. And I continue to see fear from many investors when it comes to picking and buying stocks.
That fear is driving some stocks to historically low valuations. This includes Ulta Beauty (NASDAQ: ULTA) , MercadoLibre (NASDAQ: MELI) , and The Lovesac Company (NASDAQ: LOVE) .
When valuations are low and business is good, this suggests that investors are timidly waiting out uncertainty. Doubts should give way to greater confidence when the market rebound fully takes hold. And that's why I believe this trio could lead the market rebound higher.
For further details see:
3 Stocks That Could Lead the Market Rebound