A Once-in-a-Decade Opportunity: 2 Magnificent S&P 500 Dividend Stocks Down 47% and 59% to Buy in the Second Half of 2024
Since the turn of the century, (NYSE: NKE) and Pool Corporation (NASDAQ: POOL) have delivered market-trouncing total returns of 1,560% and 7,790%, respectively. However, these traditionally robust businesses have seen their share prices decline 47% and 59% over the last few years. Facing an array of shorter-term macroeconomic issues, such as softer consumer spending, persistent inflation, and higher interest rates, these stocks have seen the market dismiss their longer-term potential.
Although both companies face very real challenges, these look to be temporary -- and the shares are now available at once-in-a-decade valuations. Here is why this short-term volatility could prove to be a magnificent opportunity for patient investors who think in decades, not quarters.
There's no running from it -- owning shares of Nike has been a rough ride over the last few years. With its share price down 59% from its all-time highs, Nike is currently experiencing the third-largest drawdown in its history.
Source Fool.com
Nike Inc. B Stock
With 63 Buy predictions and 2 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 110 € shows a very positive potential of 67.0% compared to the current price of 65.87 € for Nike Inc. B.