The NASDAQ index has officially moved into correction territory. That means a drop of more than 10% from its most recent high in December 2024. The NASDAQ is the home of many of the best-performing technology stocks of the last two years. It’s also a home for many meme stocks that poke their heads up when markets get frothy. Even if you’re an experienced investor, moves like this can shake your conviction. However, before you consider your next move, here are some important things to consider. Get Tesla ale ...

Core Insights - The article highlights the performance and outlook of several major companies, including Novo Nordisk, Coca-Cola, Wells Fargo, and Star Group, based on recent research reports from Zacks Equity Research. Novo Nordisk - Shares of Novo Nordisk have underperformed the Zacks Large Cap Pharmaceuticals industry over the past year, declining by 37% compared to a 3% increase in the industry [4] - The company faced setbacks due to the failure to meet weight-loss targets with CagriSema and intense competition in the obesity sector, alongside challenges from patent expirations and pricing pressures in the diabetes market [4] - Despite these challenges, Novo Nordisk exceeded fourth-quarter earnings and sales estimates, driven by strong performance from diabetes drugs Ozempic and Rybelsus, as well as the obesity drug Wegovy [5] - The company is addressing supply constraints for Wegovy through significant investments to increase production and is expanding its indications to include cardiovascular benefits [6] Coca-Cola - Coca-Cola's shares have outperformed the Zacks Beverages - Soft Drinks industry over the past year, increasing by 19.2% compared to a 6.6% rise in the industry [7] - The company has consistently beaten sales and earnings expectations for eight consecutive quarters, with fourth-quarter results benefiting from strong business momentum and higher pricing amid inflation [8] - Coca-Cola's strategy focuses on marketing, innovation, and revenue growth management, which is expected to drive revenue growth in 2025, although the company faces inflationary cost pressures [9] Wells Fargo - Shares of Wells Fargo have outperformed the Zacks Financial - Investment Bank industry over the past six months, increasing by 42.2% compared to a 25% rise in the industry [10] - The company is enhancing its risk management and compliance infrastructure, having resolved ten regulatory consent orders since 2019, which supports its operational strategy [10] - Efficiency initiatives, including branch reductions, are expected to lower expenses and drive growth, although loan growth may be limited due to ongoing regulatory constraints [12] Star Group - Star Group's shares have outperformed the Zacks Electronics - Miscellaneous Products industry over the past year, increasing by 26.6% compared to a 44.2% decline in the industry [13] - The company reported a first-quarter net income surge to $32.9 million, driven by favorable derivative movements, despite revenue declines [13] - Adjusted EBITDA rose to $51.9 million, supported by acquisitions and margin expansion, although overall revenues fell by 7.6% to $488.1 million due to lower selling prices [14][15]