3 Stocks Down at Least 25% to Buy Now
The jury is still out on whether the stock market rally to kick off 2023 is the start of the next bull market, or just a false start. No bother, though, as a handful of tech names have already soared off of their lows from a few months ago. The market is beginning to look beyond the expected economic weakness of the next few months and is eyeing better times by the end of 2023.
Thus, quality companies that have survived the bear market and are still in good financial shape could be a wonderful buy while they're still depressed from all-time highs. Three Fool.com contributors think SoFi Technologies (NASDAQ: SOFI), Coinbase Global (NASDAQ: COIN), and Onto Innovation (NYSE: ONTO) look like timely stocks to purchase right now. Here's why.
Billy Duberstein (SoFi): Perhaps the worst-hit sector over the past 18 months has been fintech, which did worse than both the financial and tech sectors last year! Yet that may have opened up an opportunity in some of the better-positioned fintechs, such as SoFi Technologies. While SoFi has had a strong 40% gain to start the year, it's still a whopping 76% below its all-time highs set back in 2021.
Source Fool.com
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