Have $1,100? These 3 Stocks Could Be Bargains for 2024 and Beyond
The power of compounding returns means that you can build up a large retirement portfolio with relatively small initial investments. The idea is to put money to work that you don't need for many years, and to steadily add to your holdings over time.
It helps if you can pick investments that perform better than average, of course. And while there's no surefire way to find these winners ahead of time, you can boost your odds by focusing on high quality businesses that are trading at attractive prices. Let's look at a few of these types of stocks here in early 2024.
Ulta Beauty (NASDAQ: ULTA) isn't having a lovely 2023 fiscal year. Comparable-store sales were up just 7% in the three quarters that ended in late October, the company said in late November, down from a 16% increase a year earlier. Profit margin is declining as well, and so it makes some sense that the stock would have missed most of the 2023 market rally.
Source Fool.com
