2 Beaten-Down Stocks I Own But Don't Expect to Sell Anytime Soon
Every investor is guaranteed to go through challenging periods on the stock market at some point. When that happens, it is tempting to resort to panic selling. But unless the prospects of the companies whose shares one owns have changed, panic selling is rarely the right move.
It's usually best to stay put through downturns and heightened periods of volatility. Doing so will lead to greater returns over the long run, at least for the right stocks. After last year's bear market, many investors undoubtedly have stocks in their portfolios that remain substantially down over the trailing-12-month period.
Here are two that I own and intend to keep despite their poor recent performances: (NASDAQ: ROKU) and Block (NYSE: SQ). Let me explain.
Source Fool.com
Roku Stock
Our community is currently high on Roku with 29 Buy predictions and 7 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 71.81% compared to the current price of 54.13 € for Roku.
