The S&P 500 index has reached a new record high, largely due to expectations that the Federal Reserve may cut interest rates and signs of reduced geopolitical risks. Despite these highs, analysts highlight opportunities in beaten-down stocks that could yield significant returns for long-term investors.
Advanced Micro Devices (NASDAQ: AMD) is currently 32% off its high of over $211 per share, observed in March 2024, primarily due to underperformance in the data center GPU market. Earlier this month, AMD launched its Instinct MI350 processors, receiving attention from major companies like OpenAI and Amazon. On the other hand, Carnival (NYSE: CCL) is down 62% from its high despite a strong fiscal quarter, reporting a 9% year-over-year revenue increase and EPS of $0.35, exceeding expectations. Carnival continues to hold $27.3 billion in debt but aims to pay it off within a decade while expanding its business with new ships and destinations.
