That said, there can be some diamonds in the rough. The stock market has had a fantastic first half of 2023, with historic gains for the Nasdaq in particular. These low-priced stocks could benefit from bullish conditions heading into the back half of the year:
- Planet Labs PBC (ticker: PL)
- Ardagh Metal Packaging SA (AMBP)
- Ambev SA (ABEV)
- Enel Chile SA (ENIC)
- Turkcell Iletisim Hizmetleri AS (TKC)
- Grupo Aval Acciones y Valores SA (AVAL)
- Olaplex Holdings Inc. (OLPX)
- Sabre Corp. (SABR)
- Banco Santander SA (SAN)
Sabre Corp. (SABR)
Sabre is one of the three primary global distribution systems. GDS platforms serve as a marketplace for displaying and selling transportation tickets for services such as airlines, cruise lines and passenger railroads, and they operate virtually everywhere except China, which has a different marketplace. Sabre stock crashed from about $20 and now trades for less than $4 as the pandemic dealt a terrible blow to this business. This was magnified by the company's untimely choice to take on additional debt to upgrade its information technology platform just before the onset of COVID-19.
The company has a mountain of debt. But there is an oligopoly-style business with strong economics under the surface. Sabre still faces a major challenge due to its balance sheet, but analysts forecast the firm will return to profitability in 2024. Sabre's beleaguered shares could surge. That's especially true if the global travel market continues its upward trajectory.
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