3 Stocks That Are Down Big Despite the 2023 Market Rally
2023 has been a great year for the stock market. But as with all bull markets, many well-known stocks or even sectors can fail to participate in the rally. Owning an underperforming asset during a bull market can feel frustrating and can lead to fear of missing out, which can drive reckless investment decisions.
A better approach is to accept missed opportunities or sunk costs and focus on what matters most, which is achieving your financial goals. In practice, that means making the best decision you can with what you know by aligning your portfolio's allocation with your personal risk tolerance and investment objectives.
Let's look at some stocks that are sitting on the sidelines of the market's epic run. Plug Power (NASDAQ: PLUG), Dominion Energy (NYSE: D), and Honeywell International (NASDAQ: HON) are all down big from their highs.
Source Fool.com
Honeywell International Stock
With 6 Buy predictions and not the single Sell prediction the community is currently very high on Honeywell International.
As a result the target price of 214 € shows a slightly positive potential of 13.28% compared to the current price of 188.92 € for Honeywell International.
