It’s been a topsy-turvy year for Wall Street, with the benchmark S&P 500 setting records for the fastest bear market decline in history, as well as the quickest rebound to fresh highs.
Growth and value have also diverged remarkably this year. Growth stocks in the tech sector have been virtually unstoppable, whereas value stocks in most sectors and industries have struggled. The thing is, value stocks have a history of outperforming during periods of economic expansion, and it looks as if a new bull market is just getting started.
With valuations depressed, the following five turnaround stocks are now screaming buys.
Image source: Getty Images.
Walgreens Boots Alliance
Despite what you might think, pharmacy chains are big-money business, and Walgreens Boots Alliance(NASDAQ:WBA) looks like one heck of a steal at a little north of 7 times Wall Street’s profit consensus for 2021.