2 Beaten Down Stocks Look to Rally This Week
Redfin (NASDAQ: RDFN) and Roku (NASDAQ:ROKU), each of which is down significantly from 52-week highs, are set to report Q4 2021 earnings after the closing bell on Thursday, Feb. 17. Here are the reasons that both stocks shouldn't be left for dead just yet.
IMAGE SOURCE: REDFIN.
After competitor Zillow (NASDAQ:ZG) (NASDAQ:Z) announced plans to get out of the iBuying business market, Redfin's stock dropped by more than 40% in just a few months and is 65% off its 52-week highs. Most investors assumed that if Zillow couldn't figure out how to make money, certainly its smaller competitor Redfin couldn't, either. However, there's more than meets the eye and Redfin may have been unfairly being lumped together with its struggling counterpart.
Source Fool.com
