3 Underperforming Stocks That Could Stage an Impressive Year-End Comeback
State Street Global Advisors recently reported a staggering inflow of approximately $53 billion into equity ETFs during June. This influx represents the highest amount of money flowing into these funds since October of the previous year.
As expected, several stocks have exhibited robust growth since the beginning of June, based on the latest data as of July 10. Let's take a look at some notable performers:
Furthermore, considering the overall performance this year, the following stocks have emerged as top performers:
But today, we will focus on three U.S. stocks that have lagged behind the S&P 500 and Nasdaq but are believed by Wall Street to have strong potential in the second half of this year.
AT&T Inc (NYSE:T), based in Dallas, Texas, is the world's largest telecommunications company, providing 4G and 5G services. It began as Southwestern Bell Telephone Company, a subsidiary of Bell Telephone Company, founded by Alexander Graham Bell in 1880.
Unfortunately, AT&T faced some challenges at the beginning of the year, experiencing a slowdown in subscriber growth and sales figures falling short of expectations. However, the Chief Financial Officer (CFO) recently expressed optimism about the company's turnaround.
During the earnings announcement on April 20, AT&T delivered better-than-expected results, surpassing earnings per share projections by 2.1%. The subsequent earnings are scheduled to be reported on July 26.
AT&T pays a quarterly dividend of $0.2775 per share, resulting in a yearly payout of $1.11 per share. This translates to a dividend yield of 7.29%.
Analysts have provided 14 ratings for AT&T, with only 2 being sell ratings. The majority of experts view the company favorably.
According to InvestingPro models,
Read more on investing.com
