What's the best time to buy a stock? When it's trading at a discount. And the best stocks to buy at lower prices are the ones that you can hold for the long term.

With this in mind, we asked three Motley Fool contributors to pick beaten-down stocks to buy and hold. Here's why they chose Abbott Laboratories (NYSE: ABT), Moderna (NASDAQ: MRNA), and Pfizer (NYSE: PFE).

Keith Speights (Abbott Laboratories): Shares of Abbott Laboratories have fallen close to 30% year to date. But it's not because the company is struggling. Investors appear to be concerned about the economic uncertainty and the anticipated COVID-related sales decline.

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Source Fool.com