Over the past year, investor sentiment has been beaten down by macroeconomic headwinds. While each of the major stock indexes suffered from the downturn, the Nasdaq Composite alone remains mired in bear market territory, down 31% from its late-2021 peak. A great many individual stocks have fallen even further.

Yet even as the economic clouds linger, there's a silver lining for investors. Some of the most beaten-down stocks still represent compelling opportunities, not only because of their significant business prospects but also because of their historically low valuations.

One particularly intriguing bear market bargain staring investors right in the face is e-signature specialist DocuSign (NASDAQ: DOCU). In just over three years, the stock had soared over 700% before the bottom dropped out. Docusign has since been pounded by tough comps and the prevailing headwinds. Focusing too closely on the present circumstances, however, can obscure the big picture. Those who step back will see they should be buying this stock like there's no tomorrow.

Continue reading

Source Fool.com