Investors can consider buying discounted stocks like Carnival, Tesla, and Alibaba for potential growth

From Nasdaq.: 2024-07-16 04:42:00

The bull market in 2024 sees the Nasdaq Composite up 24%. Investors eyeing discounted stocks for potential big moves should consider Carnival, the largest cruise company. Despite debt weighing it down, improving efficiency and consolidation efforts could boost profits. Tesla, with its exponential revenue growth and expansion plans, may see a new bull run despite its high valuation. Alibaba, China’s e-commerce giant, faces challenges but is showcasing improving sales trends and international expansion efforts. With an ultra-cheap forward P/E of 9, it could potentially double in value and still trade at a discount to the S&P 500’s average P/E multiple.



Read more at Nasdaq.: 3 Stocks Down 42% to 75% to Buy Right Now