S&P 500 Sell-Off? 1 Spectacular Stock to Buy Hand Over Fist and 1 to Sell
The S 500 index ended 2023 with a monster rally. It soared 16% between late October and the end of December, coming within inches of a new all-time high. But the index opened 2024 with a little volatility and has given back a fraction of those gains.
One Wall Street analyst, Fundstrat's Tom Lee, thinks the broader market could see a 7% drop in the short term before heading higher later this year. That might be an opportunity for investors to buy stocks at a discount, but it's also a good idea to trim any holdings that may not perform during a future rally.
With that in mind, here's why Oracle (NYSE: ORCL) stock is a buy, whereas Peloton Interactive (NASDAQ: PTON) may be worth avoiding.
Source Fool.com
Peloton Interactive Inc. Stock
€3.31
2.300%
Currently there is a rather positive sentiment for Peloton Interactive Inc. with 10 Buy predictions and 3 Sell predictions.
With a target price of 7 € there is potential for a 111.42% increase which would mean more than doubling the current price of 3.31 € for Peloton Interactive Inc..
