FedEx shares took a nosedive after the company reported disappointing first-quarter earnings, missing analyst expectations and lowering its full-year guidance. The stock is now firmly in bear territory, raising concerns about its future prospects. Analysts are divided on whether FedEx can bounce back, with some warning of continued downside and others seeing potential for a rebound.
Ethereum’s recent rally, despite a rebound in the ETH/BTC ratio, might be short-lived, according to 10x Research. They suggest that underlying fundamentals remain weak, and the recent uptick is likely driven by short covering ahead of the CPI data release rather than a fundamental shift. Ethereum’s inflation, challenges facing spot ETFs, and the continued dominance of Bitcoin in the institutional market raise concerns about Ethereum’s long-term viability.
Amidst the current bear market, a number of undervalued stocks with promising fundamentals and growth potential have been overlooked by investors. These comeback stocks are trading significantly below their intrinsic value, offering investors the opportunity to capitalize on potential rebounds. Rivian Automotive, Charter Communications, and Unity Software are among the companies that have faced headwinds but possess strong competitive advantages and long-term growth prospects. With extreme stock downturns historically leading to substantial gains, these comeback stocks are ideal for investors seeking to uncover hidden gems at bargain prices.
