Got $5,000? These 2 Growth Stocks Are Trading Near Their 52-Week Lows
If you were to peruse a list of stocks trading near 52-week lows, you'd likely find a bunch of bad businesses. Indeed, I struggled to find any that would be worthy of a $5,000 investment. In short, investors should approach poorly performing stocks with a healthy dose of skepticism. They're probably down for good reason.
However, it's sometimes still possible to find promising growth stocks trading near lows. I believe that's the case right now for (NYSE: K) and Black Rifle Coffee (NYSE: BRCC). Here's why investors might consider this duo right now.
Before you tar and feather me for calling Kellogg a growth stock, please hear me out. It's true that the company is over 100 years old and that net sales were only up 10% in the first quarter of 2023 -- this hardly seems worthy of a growth stock label. However, Kellogg will split into two separate companies this year, and one of these could rightly be considered a growth investment.
Source Fool.com
Kellogg Co. Stock
Our community is currently high on Kellogg Co. with 5 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 69 € is below the current price of 72.84 € for Kellogg Co., so the potential is actually -5.27%.
