2 Growth Stocks Down More Than 60% to Buy in 2024
Technology stocks have surged over the last year, and that strong momentum could continue through 2024. But while some of 2023's biggest tech sector winners will likely continue to serve up impressive performance, investors may be able to score even bigger wins by backing high-quality stocks that are still down massively from their previous highs.
With the Federal Reserve broadly expected to begin cutting interest rates this year, some beaten-down growth stocks could be poised for market-crushing rebounds. If you're on the hunt for potentially explosive long-term investment opportunities, these two companies stand out as smart portfolio additions right now.
As a specialized provider of payroll and human resources software, Paycom (NYSE: PAYC) may not be the most exciting company in the tech sector. With its share price down 33% over the last year and 63% from its all-time peak, the stock hasn't exactly been exciting recently either.
Source Fool.com
