This weekend I was looking for a handful of S&P 500 companies that could have a good recovery next year after a rough 2023. Each of these are down 20-30% this year for various reasons. Let me know if you like these names or think any should be avoided: Cigna (CI) -22% YTD Truist (TFC) - 20% YTD regional banks were beat up this year. Think they’ll bounce back if/when rate cuts happen. Hershey (HSY) -20% YTD Campbell’s (CPB) -24% YTD food and bev stocks hit by inflation this year. GIS and K also options. Bristol-Myers Squibb (BMY) -30% YTD
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I wouldn't go for individual stocks, but you may want to consider RSP (Equal-Weighted S&P 500). The equal-weight and market-cap-weight S&P 500 tend to follow each other pretty closely, but this year has seen an unusually-large divergence (market-cap jumped way ahead), so I think the equal-weight will outperform in the next few years
I’m mostly in ETFs. This will be a small piece of my portfolio. Probably $3k into each stock. These aren’t meme stocks, they are established, profitable S&P 500 companies. Very rare for them to have back-to-back bad years in the market. Looking for some value.
No, I get what you're saying, but individual stocks are more of a pain than they're worth, IMO. If you want value, you can get value funds/indices (SCHD is also essentially this)