3 Growth Stocks Down 81% to 90% to Buy Hand Over Fist
Stocks that fall by as much as 90% do carry inherent risks, but given that investor sentiment toward the technology sector is so negative right now, there's no doubt some beaten-down companies represent enticing long-term opportunities. Be warned, though: Interest rates are likely to continue to rise and geopolitical tensions will breed further uncertainty, so the next year or two might not be smooth sailing.
Three Motley Fool contributors have identified Redfin (NASDAQ: RDFN), Unity Software (NYSE: U), and Shopify (NYSE: SHOP) as stocks to buy right now while they're trading at heavy discounts to their all-time highs; but a focus on the long run is key.
Anthony Di Pizio (Redfin): An economic environment that features rising interest rates usually isn't the best time to buy real estate-oriented stocks. Rising rates often lead to softer house prices because buyers can't afford to borrow as much money for their mortgage. But Redfin stock is so beaten down right now -- to the tune of 90% from its all-time high -- that it's starting to look incredibly attractive.
Source Fool.com
