Are you looking for opportunities to potentially turn a profit in the stock market? While some stocks have been performing exceptionally well, there are others that have been lagging behind. At Extreme Investor Network, we want to help you identify potential laggards that could be poised for a turnaround.
One stock that has been struggling this year is Starbucks. The coffee chain saw a decline in same-store sales and cut its forward guidance, leading to a drop in its stock price. However, analysts believe that the worst may be behind Starbucks, presenting an attractive entry point for investors. Goldman Sachs recently initiated coverage of Starbucks with a buy rating, suggesting that there may be upside potential for the stock.
Another company that has been under pressure is Nike. Disappointing sales forecasts and lower-than-expected sales in China have weighed on the stock. Despite this, Morgan Stanley has reiterated an outperform rating on Nike, with an analyst raising the price target, indicating potential upside of about 19% from the current level.
Caesars Entertainment is another stock that has seen a significant decline in 2024. However, Raymond James named Caesars as a top pick and initiated coverage with a buy rating. The company’s messy first-quarter results were seen as one-time in nature, and analysts expect improving results for the rest of the year. With a clear path to resolving issues like digital profitability and leverage, Caesars Entertainment could see a potential upside of nearly 42%.
If you’re interested in exploring more potential turnaround opportunities in the stock market, be sure to check out our list on CNBC Pro, which includes companies like Insulet and Expedia. Our unique insights and analysis at Extreme Investor Network can help you make informed investment decisions and potentially maximize your returns. Stay ahead of the curve with our expert advice and guidance on spotting the next big investment opportunities.