2023-04-27 09:30:00 ET
With the market up in 2023, it can be hard to find individual stocks that seem like screaming bargains. Many members of the Nasdaq Composite have jumped by 15% or more over the last few months as investors became less worried about a sharp recession developing later this year.
Deals are available, though. Below, we'll take a closer look at a few stocks that have declined in the past year by more than the S&P 500 's 6% loss over that period. Read on for some good reasons to buy Costco Wholesale (NASDAQ: COST) , Walt Disney (NYSE: DIS) , and Etsy (NASDAQ: ETSY) .
This big-box retailer has a reputation for rarely going on sale, but Costco's stock is down 14% in the past year. One of Wall Street's biggest concerns is slowing growth. Comparable-store sales rose by less than 1% in the month of March, after all. Shoppers are spending less on discretionary items like jewelry and consumer electronics, management said in its last conference call with investors . Slowing inflation could be pressuring customer traffic, too.
For further details see:
3 Top Stocks That Just Went On Sale