Some of the biggest losers of 2024 could bounce back strong in the New Year.
According to the Bespoke Investment Group, “Rarely do we see such uniform performance in one direction based on prior performance in the opposite direction, but that’s exactly what we saw today. Investors were selling winners and buying losers to quite an extreme degree.”
Even better, while investors wait for a potential recovery in the biggest losers, they can collect dividends along the way, too. Here are a few to consider.
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Company: Nike (SYM: NKE) With a yield of 2.05%, Nike is down about 34% over 2024. Not helping, the company said its fourth quarter revenues dropped 2%. They also said that its first quarter 2025 revenue would be down by double digits. However, it does appear the negativity has been priced into the beaten down stock. Plus, funds have been buying the stock. Bill Ackman’s Pershing Square, for example, just increased its stake in NKE by 435.5% as of the end of September. Paul Tudor Jones’ Tudor Investment increased its stake by 761%. |
Huge Alerts
With a $13 price target, this is a gold stock to not ignore!
With gold in a bull market, this stock is standing out for many reasons and one includes a recent registered direct offering, resulting in total gross proceeds of approximately $10.2 million! This financing will help the company continue its focus on gold and copper exploration and development in promising locations in the United States.
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Company: UPS (SYM: UPS) With a yield of 5.02%, UPS is slowly pivoting higher after slipping from a 2024 high of $153.30 to a low of about $125. Now at $129.67, we’d like to see it initially retest $142.50. Helping, analysts at Argus have a $150 price target on the UPS stock, with a buy rating. BMO Capital analysts also say UPS is a buy with a price target of $155. “After nearly two years of soft B2B demand environment, we expect lower interest rates and a potentially recovering industrial economy to support a return to low single-digit growth in B2B volumes,” said the firm, as quoted by CNBC. |
Chaikin Analytics
Google CEO: This Is likely Bigger Than Electricity
Electricity reshaped the economy, creating the FAANG stocks and boosting GDP by over 4,900%. AI is going to do it again.
Here’s what to buy…
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Company: Estee Lauder (SYM: EL) With a yield of 1.71%, Estee Lauder is attempting to come back strong, too. Over the last year, the stock dropped from about $142 to a low of $65. Now at $81.73, we’d like to see EL retest $100 initially. Helping, EL director Paul Fribourg picked up $24.9 million of the stock at an average price of $64.27 per share. It was also his first open-market purchase on EL since joining the board back in 2006, and tells us he may be seeing a unique opportunity. |
Oxford Club
The NEXT Trillion Dollar Company?
It just signed a deal to get its tech in Apple’s iPhone until 2040! Online commenters are debating if this brand-new company will be the 7th trillion dollar stock.
Details on the controversy here.
