Market downturns can be gut-wrenching for traders, but at the same time, they bring a once-in-a-decade opportunity for investors to buy dirt-cheap stocks that can boost their portfolio's returns over the long term. 

Here's why Macy's (NYSE: M) and Wayfair (NYSE: W) could be great bets heading into the new year.

Macy's stock price is up roughly 371% since early April 2020, shortly after the pandemic lockdowns first started to ease. The company's recent sales growth continues to point toward a bright future for the iconic department store, and investors can still buy shares at a valuation level that offers more upside. That 371% rise is despite a 13% drop so far in 2022.

Continue reading

Source Fool.com