5 Year-to-Date Laggards to Buy Amid Solid Near-Term Upside Potential
Adobe(ADBE) ZACKS·2024-11-21 04:00
U.S. stock markets have been witnessing an impressive rally since the beginning of 2023 barring some minor hurdles. Wall Street’s bull run has got an added boost this year, to the surprise of a large section of financial pandits, who indiscriminately warned of overvaluation. Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 14.7%, 24.8%, and 28.6%, respectively. Despite this strong northbound movement, a long list of stocks significantly lagged this ...