Stocks on Sale for the Holidays
Over 95% of S&P 500 companies are in negative territory for 2008, but are there any that may be poised for a bigger rebound in 2009? Here is a stock screen that might give you some ideas.
Below is a table of 16 companies that have fallen more than 50% in the past two months, yet have double digit earnings growth forecasts for the forward fiscal year. The list represents a mix of companies from various sectors ranging from Whole Foods to Bank of America to Electronic Arts and should be used as a starting point for further research. As with your holiday shopping, sales prices (and earnings estimates) may change and new items may be "on sale" in the weeks ahead.
Note: Prices as of 10:30 am
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