GOOGL, OXY, ULTA: Stocks To Watch As The Calendar Flips To 2024

Health care, communications, financials, industrials, and energy all look undervalued, notes Robert Schein. He discusses market trends to watch as the calendar flips to 2024, as well as potentially undervalued sectors. He highlights Alphabet (GOOGL) as he says it stands out as a tech leader amid the emergence of generative A.I, and generative A.I. presents new opportunities as well as risk. He also talks about how asset allocation is now more important than ever. He then goes over Occidental Petroleum (OXY) as headwinds from inflation and supply chain tightness have turned to tailwinds, supporting efficiency gains and softening costs. Lastly, he looks at Ulta Beauty (ULTA) which is one of the hottest categories for retail. Tune in to find out more about the stock market today.