1 Beaten-Down Growth Stock to Buy, and 1 to Sell
After steadily declining by more than 20% since November 2021, the technology-centric Nasdaq 100 index has shown signs of life by recently bouncing out of bear-market territory.
But many individual tech stocks are still down in excess of 50%, as investors weigh the impact of persistently high inflation, rising interest rates, and global geopolitical tensions. In some cases that's a big opportunity to buy high-growth companies for the long term, but not all discounted stocks are equal, and some should be avoided.
Here's one investors should consider buying and another they should steer clear from.
Source Fool.com
