3 Stocks to Buy While They Are on Sale
Wall Street often puts stocks on the discount rack for good reasons. A company might be facing a new competitive threat, for example, that harms its long-term earnings potential. An expensive and ill-timed acquisition could do the same thing by distracting management with an ultimately value-destroying project.
Sometimes stocks go on sale for the wrong reasons, though, like a temporary industry downturn. These cases lay the groundwork for strong returns if you're willing to invest in shares when pessimism is high.
Let's take a closer look at a few of these discounted stocks that should recover their momentum. Read on for some reasons to like Home Depot (NYSE: HD), (NYSE: CHWY), and Crocs (NASDAQ: CROX) right now.
Source Fool.com
Chewy Inc Stock
€22.53
-1.780%
With 38 Buy predictions and 3 Sell predictions Chewy Inc is one of the favorites of our community.
As a result the target price of 28 € shows a positive potential of 24.28% compared to the current price of 22.53 € for Chewy Inc.
