Comeback kids: These stocks could be ready to regain their 2023 momentum after rough August

  • 📰 CNBC
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

These stocks sold off in a big way in August. However, they're beloved by Wall Street and rallied to start the year.

As investors turn the page on a rough August,

Pro found stocks that are set for comeback if the market regains its footing. Investors are in the last week of what has been a difficult month for stocks. The Nasdaq Composite is on pace for its worst month since December, while the S & P 500 is headed for its weakest performance since February. However, stocks have recently started showing some signs of life. On Tuesday, the Nasdaq advanced more than 1% and closed higher for a third straight trading day.

Pro surfaced some stocks that could be due for a comeback. These names are beloved by Wall Street and rallied to start the year, but sold off in a big way in August. Here are the criteria we used: Up more than 20% YTD through July Down more than 10% in August Beta above 1.25 Consensus analyst upside of more than 10% These are the names that came up. A slew of travel and entertainment names surfaced on the list.

's Michael Bloom contributed to this report.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR

France Dernières Nouvelles, France Actualités