BOOT - These 3 Stocks Have Plenty of Room to Run
2023-05-16 08:24:00 ET
As of this writing, the S&P 500 is 14% below its all-time high. Nobody likes losing money, myself included. And periods like now can have a sobering effect on investors, motivating more selectivity and scrutiny when picking individual stocks.
For this reason, coming up with a list of three stocks is much harder for me now than when the bull market was raging a couple of years ago. But hopefully this leads to better long-term investment ideas. In this article, I'll share why I believe there's long-term upside for short-term rental platform Airbnb (NASDAQ: ABNB) , apparel retailer Boot Barn (NYSE: BOOT) , and software company UiPath (NYSE: PATH) .
Since Airbnb went public in late 2020, I've liked almost everything about the business except for its valuation. Today, I still like the business. But its valuation in 2023 has been its most attractive so far, increasing its chances of running higher from here.
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These 3 Stocks Have Plenty of Room to Run