Buy This Turnaround Stock

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Buy This Turnaround Stock

Buy This Turnaround Stock In 2026

Most analysts try to stay objective, but the number of buy ratings outnumbers the sell ratings. With the rise of AI and the long-term growth of the US economy, it is easy to wager on the upside.

Amidst all of this, there is one turnaround stock that is still under the radar. We are talking about Goodyear Tire and Rubber. The name itself tells us what the company is all about.

It's safe to say that things have been slow for Goodyear Tire and Rubber. Most of its competitors have been acquired by overseas companies. In the last 10 years, the Goodyear stock price has also shed 80% of its value.

Goodyear Tire and Rubber Is Facing Multiple Headwinds

Now, if we talk about what's dragging down Goodyear, it is multiple things. This includes weak US tire sales, overseas competition, weak operating results, margin pressure, and high debt.

Considering all of these challenges, 6 out of 10 analysts have issued a hold rating for Goodyear stock. Just 1 analyst has assigned an underweight rating for Goodyear.

But we must understand that Goodyear experiences cyclical demand. The company is working on its Goodyear Forward plan. This strategy covers everything like purchasing adjustments, plant closures, and optimization of the supply chain. The company plans to save $1.5 billion annually through these actions.

Goodyear is also in a strong position to benefit from the EVs proliferation. Data shows that electric vehicles usually wear out tires much faster than cars running on internal combustion engines. So, this could lead to higher sales and better margins.

Considering these things, it makes sense to also include Goodyear stock in a diversified portfolio. The stock is already available at a discount, and it could experience high tire demand due to EVs. The company is also cutting costs, which will improve the overall financial health.

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