3 Growth Stocks Down Over 50% To Buy Now

Investing in stocks for the long term can be an effective way to build wealth. However, the path to increasing stock values is rarely an upward straight line. More frequently, it is charted with several peaks and valleys. Long-term investors with the courage and discipline to hold or buy stocks during major crashes are sometimes rewarded with exponential gains.

If you have extra cash you will not need for several years for life's necessities, you can buy stocks with good long-term prospects that are down due to short-term causes. Chegg (NYSE: CHGG), Peloton (NASDAQ: PTON), and Skillz (NYSE: SKLZ) are three stocks you can buy right now that are down over 50% while their long-term prospects remain intact.  

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Source Fool.com