The Lazarus Effect: 3 ‘Dead' Stocks That Could Rise From the Ashes
IntelIntel(US:INTC) Investor Place·2024-07-16 20:22

Core Viewpoint - The stock market presents opportunities for comeback stories, particularly in sectors that have recently faced challenges, such as the EV sector and growth stocks [2] Group 1: Comeback Stocks - Novavax (NASDAQ: NVAX) and Carvana (NYSE: CVNA) are highlighted as recent examples of stocks that have shown resilience and potential for recovery [1] - Nokia (NYSE: NOK) is positioned as a major competitor in the 5G infrastructure market, benefiting from geopolitical factors that have led to increased scrutiny of rivals like Huawei [3][4] - Intel (NASDAQ: INTC) is in the early stages of a potential comeback, supported by government subsidies and plans to become a significant player in the chip foundry market, despite recent poor performance [5][6] - Nio (NYSE: NIO) has seen a nearly 50% decline in stock value this year but has reported significant increases in vehicle deliveries, indicating potential for recovery [7][8] Group 2: Market Dynamics - The EV sector is experiencing a price war in China, with over 100 brands competing, which is exerting downward pressure on prices [7] - Nio has responded to market conditions by launching a lower-priced brand, Onvo, to compete with established models like Tesla's Model Y [7]