2 Explosive Stocks Down 75% to 92% to Buy Before 2023
The market events of the past year have discounted stocks across a variety of industries. Growth-oriented businesses have been hit the hardest in many cases, as less capital has flowed into the markets and investors have sought out more seemingly recession-resilient industries.
However, for investors with the capital on hand and the risk-resilience to ride out these market dynamics, growth stocks with explosive potential that are trading at a discount could present an undeniable buying opportunity in the current environment. Today, we're going to take a look at two such stocks that are trading down by approximately 75% to 92% over the trailing 12 months, but both of which could still enrich investors' portfolios many times over in the long term.
Historically, the lending industry has cut many consumers out of the game, largely because of its heavy dependency on the traditional credit-based FICO score. Upstart (NASDAQ: UPST), a platform that uses artificial intelligence (AI) and machine learning to assess risk and determine approvals for people using additional factors like education and income, is seeking to change this dated system. In doing so, it hopes to capture a broader range of creditworthy consumers who have been denied access to loans in the past due to these stringent parameters.
Source Fool.com
