The Motley Fool·2025-12-11 12:15Core Viewpoint - Several stocks, including Amazon, Viking Therapeutics, and Carnival Corp., are currently underperforming the market but may present significant investment opportunities moving into 2026 [1][2]. Amazon - Amazon has a market capitalization of $2.4 trillion and has only increased by 3% this year, significantly lagging behind the S&P 500's 16% growth [4][6]. - The stock is trading at 32 times its trailing earnings, which is lower than the average of 42 times for the Technology Selector Sector SPDR ETF [5]. - Amazon's growth opportunities include advancements in artificial intelligence and a 20% growth in its cloud business for the most recent quarter [7]. - The overall growth rate for Amazon remains solid at 13%, indicating potential for long-term appreciation [7]. Viking Therapeutics - Viking Therapeutics has seen a 3% decline this year, primarily due to concerns over a high discontinuation rate for its weight loss pill, VK2735 [8][11]. - The stock has rebounded to around $39, close to its pre-sell-off levels, indicating recovery potential [9][10]. - Viking's injectable version of VK2735 is in phase 3 trials, with promising results, which could lead to significant business growth and acquisition interest if approved [11]. Carnival Corp. - Carnival Corp. has only risen by 4% this year and trades at a price-to-earnings ratio of 13, well below the S&P 500 average of 25 [13][16]. - The company has been posting record financial results, with operating profits reported in each of the past four quarters [16]. - Carnival's low-cost cruise offerings may attract consumers seeking affordable vacation options amid economic uncertainty, enhancing its market position [14].