Is It Time to Buy 3 of the S&P 500's Worst-Performing Stocks of 2024?
The S 500 includes some of the best companies in the world. Among the worst performers in the index this year are industry-leading businesses that could be undervalued.
While the index is up 11% year to date, shares of (NASDAQ: INTC), Starbucks (NASDAQ: SBUX), and Tesla (NASDAQ: TSLA) are down 39%, 19%, and 29%, respectively. We'll review why these stocks have slumped and whether investors should take advantage of the dip.
The skyrocketing demand for processors used for artificial intelligence (AI) is attracting investor interest in semiconductor companies, but Intel is struggling to keep up with competitors. The company missed Wall Street's revenue estimates last quarter, which sent the stock tumbling 39% year to date. While the shares look cheap, Intel faces an uphill battle against competing data center suppliers, potentially limiting the stock's upside.
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 28 Buy predictions and 15 Sell predictions.
Based on the current price of 17.49 € the target price of 38 € shows a potential of 117.32% for Intel Corp. which would more than double the current price.
