2023-10-18 05:47:00 ET
Shares in GE Healthcare (NASDAQ: GEHC) and UPS (NYSE: UPS) are trading down more than 16% over the last three months, and the decline is creating a good buying opportunity. Both companies face near-term earnings headwinds but trade at attractive valuations and have plenty of long-term growth prospects.
Here's why both stocks deserve a closer look.
UPS' stock price is down 10% this year. Its decline represents the deteriorating condition of its end markets and, consequently, management's lowering full-year guidance. Management started the year expecting revenue of $97 billion to $99.4 billion and an adjusted operating margin of 12.8%-13.6%, but now expects $93 billion and 11.8%, respectively.
For further details see:
Sitting on Cash? These 2 Stocks Are Great Buys.