2 Growth Stocks Down Over 60% to Buy Right Now
Contrary to their name, growth stocks don't always hit new highs. Stocks of companies with excellent growth prospects typically sell at expensive valuations, which will cause the share price to fall when the company experiences a hiccup in revenue or earnings growth. But as long as the business continues to grow, investors can take advantage of Wall Street's focus on short-term results and position their money for a windfall down the road.
Here are two emerging powerhouse brands serving huge multi-billion-dollar markets that are surefire bets for the long term.
Celsius Holdings (NASDAQ: CELH) is a rising star in the energy drink category -- a market projected to reach $240 billion in annual sales by 2027, according to Statista. It has delivered robust growth over the last few years. But the stock is now down 61% from its previous peak, which sets up a great buying opportunity.
Source Fool.com
