These 2 Stocks Are Ready to Bounce, According to Wall Street
Investors haven't been able to regain their equilibrium after a brutal start to 2022. Even as investors look forward to favorable longer-term prospects for the companies whose shares they own, they nevertheless have to endure the potential for economic difficulties in the near term. That has stock market participants feeling uncertain about what to do. As of 1 p.m. ET, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 142 points to 30,341. The S&P 500 (SNPINDEX: ^GSPC) had fallen 8 points to 3,752, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) had managed to eke out a 34-point gain to 11,087.
Many opportunistic investors have been combing through the hard-hit stocks in the market to try to find good long-term candidates for a recovery. On Thursday, Wall Street analysts singled out Snowflake (NYSE: SNOW) and Veeva (NYSE: VEEV) as possible opportunities for bargain-hunters. Here's what the pros are saying.
Shares of Snowflake were up almost 9% Thursday afternoon. The provider of cloud-based data warehousing services got favorable comments from Wall Street, even as it has fallen by two-thirds from its all-time highs.
Source Fool.com
