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Despite managing to rally in the final quarter, 2023 wasn’t exactly a vintage year for the FTSE 250 or many of its members. But I think a fair number stand a chance of recovering very strongly in 2024.
Here are a couple that catch my eye.
Ticking lower
During the pandemic, shares in watches and jewellery seller Watches of Switzerland (LSE: WOSG) just couldn’t stop climbing in value. Had I invested when Boris Johnson first sent us into lockdown in March 2020, I would have multiplied my cash many times over by the end of 2021.
Unfortunately, a lot of those gains have since been lost.
Not that this should come as a surprise. A fall in demand for luxury goods is always likely when interest rates march upward.
With analysts now predicting a cut in 2024, however, I’m more bullish on the company’s fortunes than I’ve been for a while. This development could push…
