Stocks like Lululemon, Nike, and Global Payments are trading at discounts, with potential upside for investors.

From Yahoo Finance: 2024-05-28 08:16:00

Zacks.com features stocks like Lululemon, Nike, and Global Payments Inc. The market is looking overheated, but some S&P 500 stocks are at a discount. Lululemon stock is down 42% YTD, but has outperformed Nike and the S&P 500 in the past. Global Payments is a top payments technology firm that has declined recently but is still projected to grow its adjusted EPS by 12% in 2024.

Lululemon’s stock tanked due to slowing growth, but shows signs of stabilization. The company is still projecting sales growth and aims to double sales by 2026. Global Payments has a range of offerings in the payments tech industry and recent downslide could present an attractive buying opportunity. Both stocks are trading at discounts compared to their historical highs and record solid financials.

Both Lululemon and Global Payments offer potential upside for investors. Lululemon is down 42% YTD but has strong long-term growth prospects. Global Payments is a top payments tech firm that is currently at a discount compared to its historical highs. The market may be overheated, but bargains can still be found among strong S&P 500 stocks like these.



Read more at Yahoo Finance: The Zacks Analyst Blog Highlights Lululemon, Nike and Global Payments