5 Stocks that Will Bounce Back According to Reddit

In this article, we will take a look at the 5 stocks that will bounce back according to Reddit. To see more such companies, go directly to 10 Stocks that Will Bounce Back According to Reddit.

5. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 73

Pfizer Inc. (NYSE:PFE) is one of the top stocks that Redditors believe can rebound. Pfizer Inc. (NYSE:PFE) is one of the biggest healthcare companies in the world with major growth catalysts for the long term. But Pfizer Inc. (NYSE:PFE) has lost about 33% in value year to date through September 13.

Recently, the FDA approved the updated COVID-19 vaccines by Moderna (NASDAQ:MRNA) and Pfizer (NYSE:PFE)/BioNTech (NASDAQ:BNTX) for people aged six months or older for the fall vaccination season.

Diamond Hill Large Cap Strategy made the following comment about Pfizer Inc. (NYSE:PFE) in its Q2 2023 investor letter:

“Our bottom contributors in Q2 included health insurance company Humana, biopharmaceutical company Pfizer Inc. (NYSE:PFE) and global entertainment company Disney. Pharmaceutical giant Pfizer has been dealing with a decline in sales due to lower COVID vaccination levels. Additionally, in 2023, management is increasing spend as the company invests in new product launches. That said, we remain positive about the long-term company fundamentals.”