Prediction: 3 Stocks That Could Trounce the Market
The S 500 is having a bounce-back year. The broader market index is up about 19% in 2023, and many stocks have rallied even more.
However, not all stocks are experiencing a bounce-back year. NextEra Energy Partners (NYSE: NEP), Brookfield Infrastructure (NYSE: BIP)(NYSE: BIPC), and Devon Energy (NYSE: DVN) have significantly underperformed the market. I expect that trend will reverse. Here's why I believe they could trounce the market in 2024 and beyond.
NextEra Energy Partners has gotten crushed this year. Shares of the clean energy infrastructure company have lost roughly two-thirds of their value. The main weight has been the impact of rising interest rates on its ability to refinance existing funding and make new investments.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 14 Buy predictions and 1 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 10.53% compared to the current price of 38.0 € for Brookfield Corp..
