2 Magnificent Stocks to Buy That Are 20% Below Their 52-Week Highs

Group 1: UPS Overview - UPS is currently experiencing a turnaround, with operating profit falling to $5.5 billion in the first nine months of 2024 from approximately $6.7 billion in the same period of 2023, and operating margin declining to 8.4% from 10.1% [3] - Despite recent struggles, UPS has seen improvements, with third-quarter operating profit rising to about $2 billion from $1.3 billion in the same quarter of 2023, and operating margin increasing to 8.9% from 6.4% [4] - UPS has a strong dividend history, having increased its dividend annually for 15 consecutive years, and currently offers an attractive 4.9% dividend yield [5] Group 2: Nucor Overview - Nucor is one of the largest steelmakers in North America, known for its diversified business model that includes both bulk steel and higher-margin specialty products [5] - In the third quarter of 2024, Nucor's revenue dropped 8% sequentially from the second quarter and 15% compared to the third quarter of 2023, reflecting the cyclical nature of the steel industry [6] - Nucor is recognized as a Dividend King, having increased its dividends annually for at least 50 years, demonstrating exceptional management in a highly cyclical industry [7] Group 3: Investment Considerations - Both UPS and Nucor are currently trading approximately 20% below their respective 52-week highs, presenting potential opportunities for long-term investors [8]