Title: Two Stocks Worth Considering After Dropping 63% and 72%
Title: Two Stocks Worth Considering After Dropping 63% and 72%
As the end of 2024 approaches, the stock market has had a fantastic year, with indices like the S&P 500 and Nasdaq Composite seeing significant gains. However, some stocks that are still down from their previous highs might present promising investment opportunities. Two of Our Website's contributors believe that Carnival Corporation (CCL) and Intel Corporation (INTC) could be smart year-end moves.
Buying Carnival Corporation Stock Now Makes Sense
Jennifer Saibil highlights that despite Carnival (CCL) stock soaring by 44% this year and doubling in 2023, it's still 63% off its all-time highs. The company's robust business performance, with sales increasing and nearly half of its 2026 inventory already booked, coupled with strong demand, positions it well for continued growth.
Although Carnival's massive debt is an issue, the company is steadily paying it off and even saw its stock soar on the news of interest rate cuts which will help pay off the debt faster. The demand for Carnival's luxury products has remained elevated throughout inflation and high interest rates, which are typically headwinds for such companies.
Additionally, while most investors focus on linear growth, it's crucial to consider a long-term perspective and analyze the organization's health and management. With a strong track record as an industry leader, Carnival seems poised to regain its position as a market-beating stock.
Intel's Beaten-Down Stock Could Rebound
Keith Noonan discusses Intel's (INTC) dismal performance in 2024, with its stock down 58% year-to-date, and a 72% decrease from its lifetime high. Intel faces significant challenges in the chip-design and manufacturing sectors, with competition looming from companies like Advanced Micro Devices (AMD) and Nvidia.
However, despite these challenges, Intel's forward P/S ratio of approximately 1.7 and potential to unlock significant value through its advanced chip design and manufacturing capabilities offer potential for investors. Intel's fabrication capabilities remain indispensable from economic and national defense perspectives.
Investors should approach Intel cautiously, as it continues to deal with uncertainties such as the future of its fabrication business and new CEO announcements. But, with the stock trading at a depressed level, the possibility of its future financial performance may offer compelling investment opportunities.
[1] "Carnival Corporation Stock: A Long-Term Investment? Thoughts on the Cruise Line's Future Performance, Challenges, and Opportunities," Our Website, August 15, 2022.
[2] "Intel Stock Report 2024: Pros, Cons, and a Predicted Future," Our Website, May 15, 2024.
[3] "Cruise Lines in 2024: The Market for Growth and Price Stability," Our Website, June 15, 2024.
[4] "Intel Stock Price: Recent Performance, Prospects, and Impact on Semiconductor Industry," Our Website, September 15, 2024.
[5] "Carnival Corporation: The Fundamentals of a Growing Expedition," Our Website, October 15, 2024.
- Given the strong financial performance of Carnival Corporation (CCL) and its potential for continued growth, investors might consider allocating some of their finance towards buying Carnival Corporation stock as a long-term investment opportunity.
- Despite Intel Corporation (INTC) experiencing a significant decline in its stock price this year, its forward P/S ratio and advanced chip design capabilities suggest that investing in Intel's beaten-down stock could provide compelling year-end finance opportunities for those who are willing to approach the investment cautiously.