2 Beaten-Down Growth Stocks to Buy Before 2022 Ends
After 11 volatile months for the stock market, it's hard to know what to expect for next year. Equities could sink even lower if the economy continues its not-so-impressive run. But the market, ever forward-looking, could also stage a comeback if investors start seeing the light at the end of the tunnel.
At this point, it's impossible to know if stocks have already bottomed out, or whether they will at some point next year, but buying shares of beaten-down stocks while they remain down is a great move regardless. Let's consider two stocks that deserve serious consideration: Etsy (NASDAQ: ETSY) and Pinterest (NYSE: PINS).
E-commerce specialist Etsy was a bit of a market darling before the COVID-19 pandemic, and the switch to online shopping in the early days of the outbreak helped it gain even more prominence. But the company's progress has slowed since. That's hardly surprising. The coronavirus tailwind came to a halt, and consumers are spending less money due to inflation. Etsy's platform primarily offers vintage and handmade goods, which aren't necessarily cheap.
Source Fool.com
