In 2024, the major U.S. stock indices including the Nasdaq Composite ($NASX), S&P 500 Index ($SPX), and the Dow Jones Industrial Average ($DOWI) posted impressive double-digit gains. But not every index member was so lucky.
Fortunately for those hard-hit companies, analysts think some of these 2024 losers are due for a bounce of over 30% this year. These potential turnaround candidates have debt-equity ratios below 50% and consistent earnings growth with a minimum 5% annual increase over five years.
