3 of the Cheapest Stocks I Own
2022 has created a lot of bargains for investors right now as some of the most promising stocks in the world got slammed by macroeconomic headwinds and are trading at significant discounts. Imagine you're a shopper, and you're looking for a great deal. Isn't it a little exciting when you hear that some amazing stocks are selling for at least 77% off?
Let's take a closer look at three of these stocks and why you might want to buy shares of Farfetch Limited (NYSE: FTCH), Sea Limited (NYSE: SE), and Opendoor Technologies (NASDAQ: OPEN) while these stocks are all on sale.
Farfetch is an internet tech company that is helping the high-fashion industry move online. Fashion is a huge market vertical, roughly a $1.7 trillion industry around the world. The luxury segment is a pretty nice slice by itself, bringing in $316 billion in 2019. Note that this is a pre-pandemic number. The high fashion market has crashed during the pandemic. It had about $110 billion in sales in 2020.
Source Fool.com
