Dow Jones Bear Market: The Smartest Investors Are Buying These Beaten Down Stocks
Smart investors are often willing to go against the crowd or even go where there isn't even a crowd at all. That's pretty much the thinking behind looking at stocks like GE HealthCare Technologies (NASDAQ: GEHC), United Parcel Service (NYSE: UPS), and Apple (NASDAQ: AAPL). Here's why all three are worth a close look by insightful investors.
The recent spinoff from General Electric (NYSE: GE) doesn't have broad-based analyst coverage yet, but that shouldn't stop savvy investors from looking. The company has already preannounced its fourth-quarter earnings (due for release on Jan. 30), and they look good.
For example, management expects 5% to 7% organic growth in 2023 alongside profit margin expansion and 85% free-cash-flow (FCF) conversion from net income. Meanwhile, fourth-quarter organic revenue growth was a whopping 12%, with earnings above prior guidance.
Source Fool.com
