LULU Struggles, AVGO Pulls Back & Undervalued Stocks Poised for Rebound
Schwab Network · Schwab Network
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Show Notes
Thomas J. Hayes sees a bull run ahead for the market, citing strong earnings growth and a potential interest rate cut by the Fed. He highlights the different earnings stories seen in Lululemon (LULU) and Broadcom (AVGO), where LULU blamed the economy for slow comp store sales and AVGO's AI-related business driving growth. Hayes' stock picks include Albemarle (ALB), QXO Inc. (QXO), Stanley Black & Decker (SWK), and Generac (GNRC), all of which he believes are undervalued and poised for a rebound.
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