AAP - 3 Stocks That Haven't Been This Cheap in Over a Decade
2023-07-27 09:00:00 ET
Walgreens Boots Alliance (NASDAQ: WBA) , Verizon Communications (NYSE: VZ) , and Advance Auto Parts (NYSE: AAP) are three stocks that aren't in great shape these days. Investors are concerned about their financial situations both in the near and long term, and that has put some significant pressure on their valuations this year.
Below, I'll look at what has led investors to be so bearish on these stocks, and whether there's a good contrarian case to be made for investing in any of them.
Walgreens Boots Alliance has been struggling badly over the years, and 2023 has been no exception, with the pharmacy chain's shares down 18% thus far. The company is no longer benefiting from an uptick in in-store traffic due to COVID vaccinations.
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3 Stocks That Haven't Been This Cheap in Over a Decade