There are some good deals out there for investors heading into 2023. The 2022 bear market crushed some stocks and their valuations, creating some attractive buying opportunities as result.
A couple of stocks that struggled this year that investors should consider taking a contrarian position in today include Walgreens Boots Alliance (NASDAQ: WBA) and Adobe (NASDAQ: ADBE) . Here's why these two stocks can turn things around in 2023 and do better than expected.
Share prices of retailing pharmacist Walgreens are down 22% so far in 2022, performing worse than the S&P 500 index and its 17% loss over the same time frame. There simply hasn't been much excitement around a business that operates on small profit margins and is facing tough year-over-year comparisons because it got a boost from increased customer traffic related to COVID-19 vaccinations in the past few years.
For further details see:
2 Beaten-Down Stocks That Could Recover in 2023