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2 Top Stocks That I Bought in October

TheMotleyFool

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Over the past three months, the SPDR S&P 500 ETF Trust has increased just 2.6%. This moderate increase, however, has outpaced two of my favorite companies over the same time, which are down by 8% and 22%.

Both FIGS (NYSE: FIGS) and Riskified (NYSE: RSKD) have felt short-term pessimism from investors, but neither company's long-term investment thesis has been damaged. Because of this, I believe these companies merely trade at discounted prices, which is why I bought shares of both this month. Here's why you should consider doing the same.

Image source: Getty Images.

Source Fool.com

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