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.

Continue reading

Source Fool.com