My Top Beaten-Down Growth Stock to Buy and Hold for the Next Decade
The widespread market sell-off has created a lot of potential buying opportunities for long-term investors. But pulling the trigger when the market just seems to keep going down is easier said than done. In hindsight, it is obvious to go back to the post-dot-com bubble burst, the 2008-09 financial crisis, the fourth-quarter 2018 bear market, or the COVID-19 crash of spring 2020 and say they were great times to buy. But in real-time -- especially when volatility is high -- it's often never "easy" to hit the buy button.
The electric vehicle (EV) industry has seen significant drawdowns across all the major automotive stocks. Similarly, EV charging companies have sold off. ChargePoint Holdings (NYSE: CHPT) now has a market cap of $5 billion. The growth stock had a market cap of around $11 billion at its peak. Here's why ChargePoint stands out as a top stock for risk-tolerant investors to consider now.
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Source Fool.com