BIPC - Prediction: 3 Stocks That Could Trounce the Market
2023-11-18 06:01:00 ET
The S&P 500 is having a bounce-back year. The broader market index is up about 19% in 2023, and many stocks have rallied even more.
However, not all stocks are experiencing a bounce-back year. NextEra Energy Partners (NYSE: NEP) , Brookfield Infrastructure (NYSE: BIP) (NYSE: BIPC) , and Devon Energy (NYSE: DVN) have significantly underperformed the market. I expect that trend will reverse. Here's why I believe they could trounce the market in 2024 and beyond.
NextEra Energy Partners has gotten crushed this year. Shares of the clean energy infrastructure company have lost roughly two-thirds of their value. The main weight has been the impact of rising interest rates on its ability to refinance existing funding and make new investments.
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Prediction: 3 Stocks That Could Trounce the Market