These 2 High-Growth Stocks Just Plunged. Are They Still Buys?
Earnings season is always an exciting time for investors. But when earnings don't come in as expected, it may not be a great time for their stocks. And "as expected" can have multiple meanings, from the company's expectations to the consensus on Wall Street to an investor's personal ideas.
Take for example both Lemonade (NYSE: LMND) and Upstart Holdings (NASDAQ: UPST). Both companies posted excellent third-quarter earnings reports, but the market wasn't happy anyway, sending their stock prices down. Does that make this a buying opportunity?
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Source Fool.com
