My 3 Favorite Stocks to Buy Right Now
In 2023, the megacap tech stocks known as the "Magnificent Seven" generated 58% of the cap-weighted S 500's 26% total return. In turn, many small- to mid-cap stocks lagged behind the overall market as inflation and higher interest rates created challenges for the companies with limited means and weaker balance sheets.
Considering the stock market's cyclical nature, 2024 might be the year for small- to mid-cap stocks to turn their share prices around. So, with that in mind, let's examine three stocks that struggled in 2023 and why I'm ready to buy them.
The market is treating (NASDAQ: CROX) as if the manufacturer of casual shoes is just a fad, with its stock down about 22% over the past year. Despite the decline, the company is reaching new heights in sales and profitability, creating what appears to be an undervalued stock.
Source Fool.com
Crocs Inc. Stock
The stock is an absolute favorite of our community with 21 Buy predictions and no Sell predictions.
As a result the target price of 122 € shows a slightly positive potential of 4.69% compared to the current price of 116.54 € for Crocs Inc..
