Subject: 3 stocks in deep drawdown
1. The Trade Desk

The Trade Desk operates one of the world’s largest independent programmatic advertising platform. It helps brands and agencies bid in real-time across TV, display, audio, mobile and retail-media inventory.

The company is down 51% from its previous ATH in Dec’24 and is down 42% for the year.

2. UnitedHealth

UnitedHealth Group is the largest health care company in the U.S.. It specializes in health insurance and health services, operating through its two main businesses: UnitedHealthcare (insurance) and Optum (health services and technology).

The company is down 48% from its peak in Nov’24 and is down 37% for the year.

3. Nike

No need for introduction — Its the world’s largest athletic-footwear and apparel brand, selling in 170-plus countries.

The company has been in a deep drawdown ever since its pandemic high in 2021. Its now down 66% from its ATH. Every rebound turned out to be a dead cat bounce, and the stock has continued to slide due to a mix of macroeconomic factors and self-inflicted wounds.

https://reboundcapital.substac...