2 No-Brainer Stocks Down 15% and 53% to Buy for 2023
Investors are eager to move on from 2022, which has been a challenging year. Stocks of all shapes and sizes have been beaten down, and while tech stocks have faced the brunt of it, few were immune to price declines this year. Even stalwarts like Target and Microsoft have declined almost 30% in 2022.
This market downturn has punished both low-quality and high-quality stocks. While difficult to bear right now, it provides incredible opportunities for investors to scoop up shares of top-tier businesses. Therefore, to make the most of this 2022 downturn, you should consider buying these two stocks for 2023 and beyond.
Shares of Visa (NYSE: V) have fallen 16% from their all-time high, but the company and its fundamentals have weathered the storm. Many investors thought that with high inflation and a slowing global economy, this dominant payments company would see activity plummet. Instead, Visa's business has continued to chug along in 2022. Revenue for the company's full fiscal year -- which ended Sept. 30 -- jumped 22% from the prior year to $29.3 billion.
Source Fool.com