Down More Than 20% Year to Date, Buy These 4 Stocks for an End of the Year Rebound By StockNews
The largest monthly drop in market performance since March 2020 was September, after the market appeared to be immune to adverse news. The market may see an increase in earnings later this year, thanks to the strong expectation for a strong third quarter and the powerful catalyst provided by the reconciliation package and infrastructure bill. Therefore, we think fundamentally sound stocks Lufax Holdings (LU), Addus HomeCare (ADUS), Tupperware Brands (NYSE:), and Outbrain Inc. (OB), which have slumped more than 20% year-to-date, could witness a solid upside.The S&P 500 has spent much of 2021 in an upswing, continuing its strong performance after recovering from the pandemic-led slump in the first quarter of 2020. However, September marked the index’s worst month since March 2020.
Markets could rebound after the September slump due to strong third-quarter earnings seasons and proposed infrastructure spending.
This backdrop suggests that we think fundamentally sound stocks Lufax Holdings Ltd. LU, Addus HomeCare Corporation / ADUS, Tupperware Brands Corporation / TUP, Outbrain Inc.. (OB) are likely to see a gradual rebound over the next few months. These stocks, which have fallen by more than 24% in this year’s market, include Lufax Holdings Ltd. LU, Addus HomeCare Corporation / ADUS, Tupperware Brands Corporation,, Outbrain Inc. These stocks are great investments now.
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