3 Stocks Set Up for a Great Second Quarter of 2024

ended the first quarter of the year on a high note, rising over 10%. Of the magnificent seven, two seem to have dropped out of the running, withGenerally, the consensus for stocks seems positive for the current quarter. In this article, we examine three stocks that are set up to take advantage of another positive quarter for stocks.) stock was at $62.27 vs the current $65.23. In other words, over one year, OXY broke even at positive 0.05% returns. This trend is likely to continue.

The same proposition triggered Marvell Technology’s rise. The Delaware-based semiconductor company gained a 25% year-to-date boost and 73% over a one-year period. Marvell generates recurring revenue from patents, licensing fees, royalties, and data storage and networking products.) reported a net loss of $392.7 million. The company’s revenue increased by only 0.5% year-over-year to $1.427 billion.

To that end, Nvidia and Marvell have collaborated closely since 2019, as the company showed its technical prowess with the ThunderX2 platform. Twelve months ahead, 30 analyst inputs from Nasdaq positioned the average MRVL price target at $90.08 vs the current $72.65, a potential gain of 24%.Following the conclusion of the viral scare, this global pharmaceutical company is down 33% over one year. The Pfizer stock is now just 8% above the 52-week low of $25.61 per share.

Covering all key arenas, oncology, obesity, cardiovascular, and immunology, a PFE rally from a deep bottom is in the cards. Depending on FDA approvals, PFE could go as high as $45 vs the current $27.70, while the average price target is $31.44 per share. Interestingly, the lowest estimate of $27.04, among 23 analyst inputs by Nasdaq, aligns the price with the present level.

Source: News Formal (newsformal.com)

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