3 Top Bounce-Back Stocks for 2023
With 2022's inflation scare and subsequent interest rate shock, most sectors faced synchronous declines last year. It was a terrible year even for seemingly "safe" assets such as Treasury bonds and investment-grade corporate bonds, which logged their biggest annual declines in modern history!
With across-the-board declines like that, there are bound to be some high-quality gems that have been thrown out with the bathwater. Look for these three competitively advantaged companies to bounce back in a big way in 2023 and beyond.
One must admit this year's memory downturn has been worse than even the pessimists could have imagined. In fact, leading memory chip manufacturer Micron (NASDAQ: MU) has continually revised its targets down, reporting uglier and uglier numbers since the memory slump began last June. And yet, Micron's share price remains around the same levels as the June slump -- just above its tangible book value.
Source Fool.com
