From Nasdaq: 2024-12-17 07:00:00

Investors are looking to diversify and rebalance their portfolios in December. Selling overbought stocks can protect against downside risk. Allocating profits to underperformers with potential can be a smart move. Several stocks underperformed in 2024 but have prospects for growth in 2025.

Uber stock has pivoted into profitable areas, showing a 55% increase in EPS. Despite this, the stock price is only up 1.4% in 2024. Concerns about Uber’s future relevance remain, but projected earnings growth could help the stock grow into its forward P/E ratio.

Lam Research Corp. stock is down 3% in 2024 but is expected to benefit from a shift in the supply and demand equation in favor of chipmakers in 2025. Revenue from China may be a concern, but recovery in the NAND flash memory market could boost margins.

Gold mining stocks like Newmont Corporation have underperformed in 2024 despite a strong year for gold. Navigating a higher-rate environment has been challenging, leading to a drop in Newmont stock since the Federal Reserve indicated a slower pace of interest rate cuts in 2025.



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