3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally

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S&P 500 Nyheter

Merck & Company Inc,Adobe Systems Incorporated,Applied Materials Inc

Stocks Analysis by MarketBeat.com (Leo Miller) covering: S&P 500, Merck & Company Inc, Adobe Systems Incorporated, Applied Materials Inc. Read MarketBeat.com (Leo Miller)'s latest article on Investing.com

These three stocks have missed the rally, but data points to opportunities for recovery going forward.has provided a total return so far of 20.6%. That significantly outpaces the 11.7% average over the past 30 years. It beats out the returns in 19 of those 30 years, but there are still two months and a presidential election to come.

Applied Materials has been able to weather this storm better, with sales slightly positive. However, going forward, analysts expect Lam to see higher revenue and growth in earnings. Analysts expect the company’s revenue to rise by 16% next year, compared to just 2% for AMAT. Earnings per share growth is expected to be 18% versus 6% for AMAT.

There is worry about Adobe's ability to compete with other firms that offer similar products at a lower price. But it is still in the driver's seat of its market. As long as it continues investing to stay ahead of the curve, the results should come. I believe we are still in the early innings of people adopting AI, and the company’s offering should help increase revenue growth more in the future. The average analyst's price target currently implies a 22% upside in the stock.).

 

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