1 Unstoppable Stock Down 73% to Buy Hand Over Fist Before It Skyrockets
It's getting harder to find deals in today's rising market. The S&P 500 is gaining ground, up nearly 19% and getting closer to ending this bear market. While that would make investors very happy, there are reasons to be cautious about the stock market rallying right now. After all, as Warren Buffett is known for saying, investors should be fearful when others are greedy.
In the previous bull market, high share prices came with astronomical valuations. It seemed easy to make money in the stock market, until it tanked. Now investors are doing the hard work of determining which stocks are worth investing in instead of relying on easy money.
SoFi Technologies (NASDAQ: SOFI) has been reporting winning performance, but the stock is still trading at a reasonable valuation. It's down 73% from its highs after going public, but positive momentum is building with the stck up nearly 50% this year. Most likely, it won't stay down for long. Here's why.
Source Fool.com
