An analyst stated that he has purchased two "hated" turnaround stocks in 2026: Goodyear Tire & Rubber (NASDAQ:GT) and online services marketplace Fiverr International (NYSE:FVRR).
The analyst noted that Goodyear's stock has fallen 80% over the past decade, facing overseas competition, declining US tire sales, high debt, and profit pressures due to the war in Iran. However, he believes that Goodyear, as a cyclical company, is cutting costs through its "Goodyear Forward" plan and is poised to benefit from higher tire consumption by electric vehicles.
Fiverr International's stock has fallen 97% from its all-time high, impacted by the AI revolution on its low-margin businesses. Nevertheless, the analyst highlighted that Fiverr's revenue from high-value projects (over $1,000) increased by 13% year-over-year, and buyer spending per purchase grew by 15.6% to $368. Additionally, the company held $308.5 million in cash and equivalents with no debt and positive cash flow at the end of June.