3 Growth Stocks Down 79% (or More) That Can Double by 2025
Since the Great Recession bottom of March 2009, growth stocks have thrived. Historically low lending rates and a dovish central bank made it easy for fast-paced businesses to access cheap capital in order to hire, innovate, and acquire other companies.
But over the past year, some growth stocks have really hit the skids. The recent bear market dive in the tech-focused Nasdaq Composite, coupled with the Federal Reserve shifting its stance on interest rates, has sent a number of previously high-flying growth stocks screaming lower.
While the velocity of downside moves in the broader market and growth stocks can, at times, be worrisome, these corrections represent the ideal time to put your money to work. Below are three growth stocks down anywhere from 79% to 94% over the past 14 to 18 months that have the competitive advantages and intangibles needed to double by 2025.
Source Fool.com
