These stocks are already in a correction and could fall further

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 19 min. at publisher
  • 📊 Quality Score:
  • News: 72%
  • Publisher: 72%

Investment Strategy News

Stock Markets,China,Douyu International Holdings Ltd

A host of struggling stocks are predicted to see further losses in the future.

Investors trying to buy the recent market dip should be careful — there are a host of battered stocks that are showing signs of further downside rather than a bounce back. Rising geopolitical concerns and a streak of hot inflation data that's reversed the likelihood of easier Federal Reserve policy have started to dent investor sentiment. As a result, the market has begun the second quarter of 2024 on a pessimistic note after a roaring start to the year.

The Bank of Hawaii is one such unloved and struggling stock. Shares have lost nearly a quarter of their value from a 52-week high in December 2023. According to analysts surveyed by FactSet, the regional bank stands to lose another 5.9%. Although regional banks have suffered since the Fed started raising rates in 2022 and from the failure of Silicon Valley Bank in March 2023, Bank of Hawaii is a notable underperformer even among its peers. The stock has slumped 21.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia stock dips after company unveils latest AI chipsNvidia shares dipped 3% on Tuesday morning after the company unveiled its new generation of artificial intelligence chips, called Blackwell.
Source: CNBC - 🏆 12. / 72 Read more »

Buy this 'stealth' home improvement stock as housing market improves, Loop Capital saysThe underperforming retail chain carries a buy rating from the investment firm.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia stock dips after company unveils latest AI chipsNvidia shares dipped 3% on Tuesday morning after the company unveiled its new generation of artificial intelligence chips, called Blackwell.
Source: nbcsandiego - 🏆 524. / 51 Read more »