NKE - The S&P 500 Is at Record Levels but These 3 Stocks Are Still Near Their 52-Week Lows
2024-05-31 10:15:00 ET
Are you worried that the stock market has gotten too hot to invest in? While the S&P 500 has been breaking records, that doesn't mean you can't find some good deals in the stock market these days.
Three stocks that are trading at cheap valuations are Starbucks (NASDAQ: SBUX) , Nike (NYSE: NKE) , and CVS Health (NYSE: CVS) . Here's why these stocks haven't been doing well of late and why they could be good investments to add to your portfolio today.
The coffee shop giant suddenly has a crisis on its hands. Sales are dropping and concerns are mounting that customers are trading down to cheaper coffee options. When the company released its latest quarterly results on April 30, it reported that its consolidated net revenue for the first three months of the year was down 2% to $8.6 billion. And globally, comparable-store sales were down by 4%.
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The S&P 500 Is at Record Levels but These 3 Stocks Are Still Near Their 52-Week Lows