As broader markets look to finish the first half of 2024 with a bang and perhaps returns well into the double-digit percentages, questions linger. What could be in store in the latter half? Truly, stocks have become markedly more expensive in recent months. Still, outstanding quarterly reports, optimism over generative AI’s productivity-boosting capabilities, and higher hopes for lower rates more than warrant recent appreciation for most names.
Further, just because the market is feeling quite good again doesn’t mean every stock has participated in the impressive first-half rally. Some laggards will be destined for sub-par results from here. But others, especially those that have been investing in timely catalysts, may be preparing for a far better second half.
They could catch up with the first-half studs. Therefore, let’s examine three stocks that may be able to surge back from now until year’s end. Lululemon (LULU) Lululemon (NASDAQ: LULU ) has been quite a disaster to start the year.
The company made significant changes in fashion trends such as yoga wear to denim led by some of the most beloved musical stars . Ahead of Wednesday’s first-quarter reveal , LULU had managed to shed 39% of its value year-to-date ( YTD ). This marks one of the worst sell-offs since late-2021.
After Wednesday’s market close, Lululemon managed to clock in some mild but far better-than-feared results. Also, they toned down guidance for Q2. Though the quarter wasn’t spectacular, inve.
