These stocks struggling over the past month are primed for a comeback

Published Wed, May 8 20243:28 PM EDTUpdated Wed, May 8 20243:35 PM EDT

A handful of stocks have been left out of the market's recent turn higher, but they could be poised for a rebound. The Dow Jones Industrial Average is poised for a sixth consecutive winning session as of Wednesday afternoon. May has been positive for the major averages thus far, with the 30-stock Dow and S & P 500 up roughly 3% each, while the Nasdaq Composite has added 4%. But the broader trend higher has left some companies with strong balance sheets on the sidelines. Using the CNBC Pro Stock Screener Tool , we searched for stocks that could be set to join the rally based on the following criteria: Is down 10% or more in past month Has a consensus buy rating Has upside to the average price target of at least 20% Has a strong balance sheet, with a debt-to-equity ratio of 60% or less Disney has added roughly 17% in 2024. Over the past month, however, shares of the conglomerate have ticked down more than 10%. The company's fiscal second-quarter earnings report disappointed investors due to weaker-than-expected forward guidance for its experiences segment, despite Disney+ being on the verge of breaking even. Disney's revenue for the quarter also undershot Wall Street's expectations. DIS YTD mountain Disney stock. But analysts still see more than 20% upside for Disney, and they have a consensus buy rating. Disney also has the second-lowest debt-to-equity ratio on the screener list of 13.7%. Super Micro Computer has skyrocketed roughly 190% in 2024. Gains have been harder to come by over the past month, with shares pulling back nearly 12%. The server company missed revenue estimates in its most recent quarter , which sent the stock down 14% the day following the report. The sharp downward move occurred despite Super Micro issuing higher-than-anticipated full-year revenue guidance. SMCI YTD mountain Super Micro Computer stock. Analysts still forecast nearly 26% upside moving forward, based on consensus price targets. Super Micro Computer also has a debt-to-equity ratio of 36.6%. Other stocks on the list include Ulta Beauty and Prologis . DISCLOSURES: THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.