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Two beaten-down S&P 500 stocks could be due for a rebound, traders say

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The S&P 500 may be 2% from records despite recent weakness, but some of its components are still well off their own highs.

" asked its traders which might be due for a rebound, and they highlighted two standouts.

Dollar Tree "has sold off due to freight costs rising rapidly and that's really weighing on their margins," Binger said Wednesday. "When I look at the company in itself, their customer, the consumer is healthy, demand isn't the problem, freight cost is, which is fixable."on supply chain costs. Dollar Tree shares have fallen 19% since then.

 

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This StockMarket Bubble would be called FAANG Bubble! Per WarrenBuffett INTRINSIC VALUE formula, based on 2020 annual reports, $FB $AAPL $GOOGL $NFLX are significantly overvalued, but $AMZN is worst of them all - overvalued by 1,257% compare to IntrinsicValue!!!

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