After a rocky third quarter, these stocks could be poised for a bounce back in the final stretch of 2023, according to Wall Street.
Stocks struggled over the last three months as yields rose , 2023's popular technology trade hit a wall and the Federal Reserve indicated that rates may stay elevated for longer .
Amid this backdrop, CNBC Pro screened for underperforming stocks that may be due for a comeback in the fourth quarter.
MSFT 3M mountain Microsoft shares over the last three months Wall Street sees more upside ahead for both companies even after surging this year on enthusiasm surrounding the technology.
A handful of cruise stocks that have struggled in recent weeks amid the jump in fuel prices also made the cut.
Persons:
Stocks, Pultegroup, — CNBC's Michael Bloom
Organizations:
Federal Reserve, Nasdaq, CNBC Pro, Microsoft, AMD, Carnival, Cruise Line, Royal, Entertainment, Oracle, Netflix
Locations:
Royal Caribbean