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3 stocks that could shoot up this year

Charles Sainsbury
1. 2. 2024
4 min read

Investors enter 2024 expecting interesting changes in the performance of these three major companies. What are the expectations and strategies of these companies that could form key moments in the stock market this year?

The entertainment industry is expected to see a turnaround for streaming services with the release of new movies, stable interest rates are playing a key role in the renewed interest in housing, which may bring a boost in sales in the construction sector, and the telecom sector is focusing on technology investments. For investors looking for value, these three stocks may be of interest given the expected changes

Disney $DIS+0.0%

Stock Giant Disney has undergone challenges in recent years that have brought a temporary downturn in its market performance. A key element of this situation has been the new Disney+ streaming servicewhich, while it has brought some success, it has also faced financial losses. The three-year stagnation was due to low attendance of traditional cinemas and reduced advertising on media networks. However, a turnaround is expected in 2024.

DIS

Disney

DIS
$108.13 $0.39 +0.36%
Fair Price: $801.35
Wcdqdf: 45.11%
Undervalued
Overvalued
Dostupné pouze členům Bulios Black

With the upcoming release of new films in well-known franchises such as Inside Out, Deadpool and Lion King, the company has Disney has an opportunity to restore its leadership position in the media industry. The year 2024 could be a key period for a return to profitabilitywith further growth expected in the Disney+ streaming service and a positive outlook in the advertising sector, which could contribute to Disney's overall recovery.

With a long-term growth plan for Disney+ and the strategic launch of attractive movie titles that appeal to different generations of viewers, the company Disney seeks to diversify its portfolio. This diversification and the positive outlook in the advertising industry may be key factors contributing to the company's positive development in the coming years.

DIS

Disney

DIS
$108.13 $0.39 +0.36%
Target Price
149.47 (+38.23% Upside)

Home Depot $HD+0.0%

Home Depot, a major player in the home improvement industry, experienced in the last fiscal year a decline in sales due to reduced demand for real estate. Homeowners postponed renovations due to high borrowing costs, which affected customer purchases. However, the situation is expected to change in 2024. Stable interest rates are the key to to renewed interest in housing and purchase activity in the construction sector. Home Depot, as a key player in this sector, may see growth in the new fiscal year due to a recovery in housing demand. With analysts' estimates suggesting higher sales and profits in the next fiscal year this retail giant may be a good fit for investors looking for long-term potential.

HD
$372.33 $0.37 +0.10%
Fair Price: $892.62
Yiygpzfb: 09.20%
Undervalued
Overvalued
Dostupné pouze členům Bulios Black

With expectations that stabilized interest rates will lead to increased housing demand, the Home Depot will see an increase in building material sales. Improving economic conditions and low interest rates could encourage homeowners to make decisions about renovations and upgrades, which could benefit this homebuilding retailer.

With a history of of long-term stability and a strong market position has Home Depot has the potential to continue to be a leading player in the industry. Investors looking for opportunities in the construction sector could view the company as a an attractive investment given the expected recovery in the construction sector.

HD
$372.33 $0.37 +0.10%
Target Price
350.31 (-5.91% Downside)

Verizon $VZ+0.0%

Verizon stands out for its focus on providing telecommunications serviceswhich provides it with significant stability in a volatile and uncertain business environment. Although the company's revenue growth has not been entirely overwhelming, the attraction for investors lies in the dividend, which amounts to 6,8 %which is a significant factor for those seekinga stable income.

VZ

Verizon

VZ
$39.62 -$1.04 -2.57%
Fair Price: $36.27
Isvnch: 66.78%
Undervalued
Overvalued
Dostupné pouze členům Bulios Black

With ambitious plans to invest in 5G technology and a low level of debt, the Verizon The telecom could be anattractive option for value investors this year, especially givenits low P/E ratio.

This makes the company an interesting player in the market. Combined with stable earnings and plans to technological innovation Verizon could be a good fit for fixed-income investors an attractive opportunity during 2024.

VZ

Verizon

VZ
$39.62 -$1.04 -2.57%
Target Price
54.44 (+37.42% Upside)

Disclaimer: There is a lot of inspiration to be found on Bulios, but stock selection and portfolio construction is up to you, so always do a thorough analysis of your own.

Source.


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