It's Time to Load Up on These 2 Beaten-Down Cloud Stocks
After watching the benchmark S&P 500 index lose about 20% of its value in the first half of 2022, investors are understandably hesitant to buy any stocks. This is a mistake.
There are reasons to be nervous about a possible global economic slowdown on the horizon. That isn't a reason to avoid scooping up shares of these beaten-down cloud stocks while they're trading at attractive prices. Gartner expects global spending on cloud services to soar another 20% in 2022, bringing the total up to a whopping $495 billion.
Stock market gains are determined, at least in part, by the amount you pay up front for the stocks in your portfolio. After falling 66% or more in the first half of the year, these two look ripe for the picking.
Source Fool.com
