2 Stocks Near 52-Week Lows That Could Soar in 2023
The market downturn has been brutal. The Nasdaq Composite index fell 27% over the last year. As frustrating as these steep declines can be, history shows that investors get their best returns by buying stocks when everyone else is throwing in the towel.
While there is no way to know for certain what the markets will do in 2023, there are companies with attractive long-term prospects trading at huge discounts to where they will trade down the road. Here are two discounted stocks trading just above their 52-week low that should deliver market-beating returns in the next bull market.
Shares of Airbnb (NASDAQ: ABNB) fell 47% over the last year and recently hit a 52-week low of $81.91. The stock likely won't stay down for long. Airbnb is experiencing strong business momentum entering 2023 and still has an enormous opportunity to expand over time.
Source Fool.com
