Several stocks that have underperformed in 2024 may be poised for substantial gains in coming months, according to Goldman Sachs. The last trading month of 2024 has been off to a solid start, adding to the year-to-date gains across all three major stock market averages. On Wednesday, the S & P 500 and the Nasdaq Composite reached new closing records and the Dow Jones Industrial Average closed above 45,000 for the first time.
mountain TRIP, year-to-date Pool Corporation is another stock that may be poised to recover, Goldman said. Although shares have rallied in recent months, they're still down nearly 6% in 2024. The bank sees 20% upside based on its 12-month price target and the close on Dec. 3. Goldman is positive on Pool, standing among the 33% of analysts covering the stock who rate it the equivalent of a buy, the bank said.