Several stocks, including a mass-market beauty retailer and a major biotech company, may be selling at attractive valuations right now.
Although stocks are wrapping up May on a strong note, this week's declines may have created some buying opportunities for investors. All 11 sectors of the S & P 500 retreated on Wednesday, adding to investors' concerns that the wider market may be weakening. Still, the S & P 500 is up 4.3% for the month, while the 30-stock Dow Jones Industrial Average has gained 0.9%. The Nasdaq Composite has advanced about 7.6% this month.
Although stocks are wrapping up May on a strong note, this week's declines may have created some buying opportunities for investors. All 11 sectors of the S&P 500 retreated on Wednesday, adding to investors' concerns that the wider market may be weakening. Still, the S&P 500 is up 4.3% for the month, while the 30-stock Dow Jones Industrial Average has gained 0.9%. The Nasdaq Composite has advanced about 7.6% this month.
"Despite cleaner headline results than recent quarters, concerns around the runway for margins beyond '24 + the med-term EPS growth algo are unlikely to fade in the near-term," Jefferies analyst Trevor Williams wrote in a May 1 note, maintaining his buy rating but lowering his target price by $30 to $140. "We're encouraged by April trends , and believe more confidence in post-'24 Merchantalso made the screen, coming in as a cheap stock that analysts are bullish on.
Stock Markets Global Payments Inc Ulta Beauty Inc General Motors Co Fedex Corp Halliburton Co Biogen Inc Gilead Sciences Inc CVS Health Corp Business News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2024 Indy 500 Blog: Josef Newgarden wins the 108th Running of the Indianapolis 500Heavy rain Sunday morning caused a delay in the start of the 108th Running of the Indy 500.
Read more »
Dow slides 500 points, S&P 500 retreats from record while Nasdaq hits new heightsSamantha Subin is a digital news associate with CNBC.
Read more »
This is why S&P 500 could pull back in June: strategistsThis is why S&P 500 could pull back in June: strategists
Read more »
Would You Splurge $145,000 On A 500 HP Hennessey Ford Bronco Velociraptor?Hennessey's Bronco Velociraptor comes with 500 hp and several upgrades
Read more »
2024 Indy 500 Picks, Predictions, and Race PreviewIndy 500 picks, predictions for 2024 Indianapolis 500. Indy 500 best bets for May 26 from Indianapolis Motor Speedway.
Read more »
2024 Indy 500 Picks, Predictions, and Race PreviewIndy 500 picks, predictions for 2024 Indianapolis 500. Indy 500 best bets for May 26 from Indianapolis Motor Speedway.
Read more »