BOOT - 3 Top Stocks That Just Went on Sale
2024-01-06 07:25:00 ET
The S&P 500 is within 0.5% of its all-time high as of this writing after very strongly closing out the last three months of 2023. So finding stocks that just went on sale is a challenging task -- most everything is up recently. And finding quality on-sale businesses is harder still.
Yet I believe I did find three top stocks on sale as I sifted through a long list of tickers. Here's why Hormel (NYSE: HRL) , Boot Barn (NYSE: BOOT) , and Celsius Holdings (NASDAQ: CELH) could all be timely buys right now.
Hormel stock is down almost 30% over the past year, with about half of the drop coming in just the last three months. Because of the drop, Hormel stock now trades at about 22 times its trailing earnings , which is its lowest valuation since 2019.
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3 Top Stocks That Just Went on Sale