2023-11-13 05:20:00 ET
Not every stock worth watching is necessarily worth owning ... at least not yet. Sometimes investors just have to wait and see how a particular story pans out before taking the plunge. Sometimes the pick will be well worth the wait.
With that as the backdrop, here's a closer look at three companies lots of investors have on their radars, but not necessarily in their portfolios. They're all compelling prospects, and a well-grounded bull market could be just the thing that lights a fire under them.
If you've been following the Upstart (NASDAQ: UPST) story at all then you likely know shares cratered last week. Why? Last quarter's numbers were disappointing. Revenue of $135 million was down 14% year over year for Upstart's third fiscal quarter of 2023, missing estimates of $140.3 million. The adjusted per-share loss of $0.05 was bigger than the loss of $0.02 per share analysts were modeling. Guidance for the quarter now underway was also a bit of a letdown.
For further details see:
Bull Market Buys? 3 Stocks the Smartest Investors Are Watching