The market has not been kind to some of my favorite stocks. Celsius Holdings (CELH 3.81%), Roku (ROKU 5.59%)And Disney (DIS -0.41%) are trading lower this year – but 2024 is not over yet.

I am confident that all three can recover and beat the market in the final months of the year, and the uptrend should continue into 2025 and beyond.

These growth stocks may be out of favor right now, but they’re certainly not out of style. Here’s a closer look at why all three names could soar after a slow start this year.

1. Celsius

The functional drinks specialist’s growth has slowed significantly. The product is designed to speed up calorie and fat burning when consumed shortly before cardiovascular activity. I still believe Celsius can get back on track. The same company that has seen its sales more than double for three years in a row has proved deadly this year – shares have fallen a whopping 62% since their March peak.

The 37% increase in revenue in the first three months of this year was tough. The 23% year-over-year increase the company reported in the second quarter last week is understandably even worse. But Celsius initially rose after its latest financial report. The results actually exceeded the 20% increase in revenue that analysts were looking for. Profit even beat expectations.

Data source: Yahoo! Finance. EPS = Earnings per share.

This scalable company’s profitability has been on the rise. Last quarter’s 65% increase in earnings per share is just the latest double-digit percentage beat. Typically, the market rewards companies that consistently beat expectations, but like a Celsius-assisted workout, the stock is getting weaker and weaker.

Image source: Getty Images.

Short-term challenges remain. Celsius’ share of the country’s energy drink market has increased to 11 percent from 9.6 percent last year, but is declining sequentially. There is no new competitor to hinder the company’s business, but after years of monstrous growth by simply expanding its reach, it is clear that the days of triple-digit growth are over for the company.

The stock is trading at a reasonable price of 30 times analysts’ earnings target for the coming year. International sales, while still part of total sales, outpaced North American growth, with a 30% increase. Some also speculate that the unusually warm summer has shifted consumption to conventional water for hydration.

Fall and cooler weather are just around the corner. Despite recent setbacks, Celsius remains one of the fastest-growing beverage stocks. It might be time for another sip.

2. Roku

The streaming TV pioneer keeps getting better, even as its stock keeps getting worse. Roku shares have halved since their short-term peak in December of last year.

Roku ticks all the right boxes and ticks all the TV boxes, and its losses are narrowing. The company has extended its streak of double-digit revenue growth to five quarters, and its customer base continues to grow. The market is unimpressed, preferring instead to look for other growth opportunities.

Despite competing with some of the most valuable companies in the consumer tech world, Roku remains the undisputed leader in terms of usage. A study conducted this spring by Comscore CTV Intelligence found that Roku’s operating system accounts for 47% of the time U.S. viewers spend in front of smart TVs.

The Roku Channel – its proprietary offering – saw a 75% increase in viewership over the past year. This week, it launched the Roku Sports Channel, which, like its flagship offering, offers users a free, ad-supported way to access a wide range of sports programming.

3. Disney

Finally, a media company that has been around for over 100 years. Disney may not seem like a growth story, as its revenue growth hasn’t even topped 6% over the last five quarters. Even its legendary theme park business has hit a lull. There’s a bigger story happening here with the master storyteller.

Disney announced over the weekend a long list of attractions that will freshen up its theme parks in the coming years. The film studio is back after releasing the two biggest films of the summer in two consecutive months. Disney+ is finally profitable and the streaming business is increasing its revenue more than enough to offset the gradual decline of its linear media networks.

Given the big investments Disney is making to fuel growth, analysts are cutting their earnings forecasts for the coming fiscal year, but that’s the price the company has to pay for accelerating growth. This is a story worth telling, and with an earnings multiple in the high double digits, it’s an attractively valued novel with a possible fairytale ending.