2 Stocks Down More Than 90% That Investors Should Buy
This bear market has devastated much of the tech sector. Cathie Wood's Ark Innovation ETF, known for its investments in tech growth stocks, is down by about 70% from its all-time high, and many tech names the market once flocked to have lost more than 90% of their value.
Still, investors should remember that those sharp declines aren't always the end of the story. Consider, for example, that after losing more than 90% of its value in the dot-com bust, a promising tech company called Amazon staged a healthy comeback.
Admittedly, stocks that have fallen that far carry some risk, so they aren't suited for more conservative investors. But given their growth potential and signs of resiliency, Upstart (NASDAQ: UPST) and StoneCo (NASDAQ: STNE) are two stocks that could bounce back despite having fallen so much from their peaks.
Source Fool.com
