Bargain-Hunting: 2 Stocks That Were Slammed Recently
While it's tempting to turn to slower-growing stalwarts right now as the best option for new capital, since the market seems to be putting many faster-growing tech stocks in the penalty box, it's always worth considering whether it might make sense to be a contrarian and take the opposite stance as the market. After all, Warren Buffett has said to "be fearful when others are greedy and greedy when others are fearful."
Two stocks that took a huge beating in last week's growth stock sell-off were e-signature specialist DocuSign (NASDAQ: DOCU) and electric-car maker Tesla (NASDAQ: TSLA). Shares of DocuSign fell more than 45% and Tesla slid more than 6%. Over the past three months, the two stocks are down 46% and 20%, respectively.
Are these two stocks' beatings creating potential buying opportunities for bargain hunters?
Source Fool.com
