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2 Beaten-Down Growth Stocks You Can Buy Right Now

TheMotleyFool

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2 Beaten-Down Growth Stocks You Can Buy Right Now

The Shiller cyclically adjusted price-to-earnings (CAPE) ratio, a measure of the valuation of the S&P 500, currently stands at nearly 40, by far the highest it has been for over a decade. That's one reason some analysts think a correction is overdue for the broader market. A downturn would be an excellent chance for opportunistic investors to scoop up shares of great stocks from the discount bin.

But you don't need to wait for a market crash to find solid companies whose shares have already been hammered. Teladoc Health (NYSE: TDOC) and Vertex Pharmaceuticals (NASDAQ: VRTX) are two top stocks that fit the bill. Let's consider why both are worth buying today.