A Bull Market Is Here: 2 Undervalued Stocks to Capitalize on Now
Saturday, Nov 30, 2024 5:11 am ET
The bull market is back, with the S&P 500 surging nearly 26% in 2024, and investors are eager to find undervalued stocks that can deliver significant returns. Despite the overall market rally, some high-quality companies still trade at substantial discounts. Here are two stocks poised for long-term growth:
Dutch Bros (BROS) is a popular coffee chain that has seen its stock price decline by around 31% from its all-time highs but is up 68% year-to-date. The company has demonstrated phenomenal performance, with revenue increasing by 28% year-over-year in the third quarter. Dutch Bros plans to open 150 stores in 2024 and reach 4,000 stores by 2035, providing a long growth runway.

Take-Two Interactive (TTWO) is a leading video game publisher that has seen its stock price drop by roughly 12% from its 2021 high. Despite this, the stock is up over 570% in the last decade, thanks to the success of the Grand Theft Auto (GTA) franchise. With GTA VI scheduled for release in the fall of 2025, expectations are high for another massive hit, which should drive Take-Two's stock price higher.
Both Dutch Bros and Take-Two Interactive offer attractive entry points for long-term investors. Dutch Bros' unique approach to coffee, strong customer loyalty, and mobile ordering potential position it for growth, while Take-Two's focus on the GTA franchise and online multiplayer revenue sets it apart from its peers. As these companies continue to execute on their growth strategies, investors who buy in now can capitalize on their future success.
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