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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Michael Burry Warns Retail Traders About the 'Mother of All Crashes'

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!!!

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 ZA

South Africa South Africa Latest News, South Africa South Africa Headlines