Posted 1/8/2024, 1:00:00 PM
Disney, Nike, Chevron Top Picks for 2024 Gains Despite 2022 Stock Slumps
- Walt Disney (DIS) is Wall Street's top Dow Jones pick for 2024 with 20% expected upside due to streaming profits, strong film slate, and cheap valuation
- Nike (NKE) has 21% expected upside for 2024 based on margin expansion potential and possible demand boost from 2024 Olympics
- Chevron (CVX) has 19% expected upside in 2024 if oil prices stay high amid global conflicts and economic recovery
- Disney stock is down 55% from all-time high despite business growth, leaving room for gains
- Nike and Chevron stocks fell in 2022 due to inflation and other headwinds but expected to rebound