2 Stocks Down More Than 60% to Buy Right Now
While the S 500 has gained nearly 20% so far this year, some stocks have hugely underperformed the market and are significantly off their all-time highs. Higher interest rates have been the biggest growth hurdle for most companies, with investors fearing the headwind could last much longer.
But fear often clouds conviction and can mean missed opportunities. Companies taking advantage of solid growth catalysts should be able to navigate the storm, and their stock prices could rebound in the near future as the markets finally begin to see value in them.
Two such beaten-down stocks that look like solid buys now are NextEra Energy Partners (NYSE: NEP) and (NASDAQ: CGNX). After their recent sell-offs, both stocks are now down more than 60% from their all-time highs, making it an opportune time to buy. Here's why these two Motley Fool contributors think so.
Source Fool.com
Cognex Corp. Stock
Our community is currently high on Cognex Corp. with 14 Buy predictions and 3 Sell predictions.
With a target price of 49 € there is a positive potential of 34.1% for Cognex Corp. compared to the current price of 36.54 €.
