These 3 Great Value Stocks Are Set to Soar in 2024 and Beyond
It pays to diversify the stocks in your portfolio. (NYSE: WHR), Devon Energy (NYSE: DVN), and PTC (NASDAQ: PTC) could hardly be more diverse, but they all have the potential to deliver excellent returns for investors this year and for the next decade. Whirlpool's 6.1% dividend yield will catch the eye of investors looking to play the housing market recovery. Devon Energy's annualized 6.7% yield is similarly eye-catching, and the stock will suit energy investors. Meanwhile, PTC will appeal to investors looking to play the exciting long-term theme of the manufacturing sector digitizing. Here's why all three are highly attractive stocks.
There's no doubt Whirlpool's sales growth is under pressure. It's not just that rising interest rates crimp discretionary spending; it matters more how long they stay high. In Whirlpool's case, there's evidence its end markets are slowing. For example, in the third quarter of 2023, the company was forced to pull forward its return to the kind of promotional activity it undertook before the pandemic a couple of quarters earlier than expected.
These pressures will likely continue into 2024, so beware the near-term risk.
Source Fool.com
Whirlpool Corp. Stock
Based on 3 Buy predictions and 4 Sell predictions the sentiment towards Whirlpool Corp. is rather balanced.
With a target price of 82 € there is a slightly negative potential of -10.62% for Whirlpool Corp. compared to the current price of 91.74 €.
