Published on 30 Apr 2024 on TipRanks via Yahoo Finance
Down More Than 40%: Analysts Say These 2 Beaten-Down Stocks Are Poised for a Rebound
The mantra of ‘buy low, sell high’ might sound like an old cliché, but it persists because it’s true. Locking in a discount price on a quality asset has long been used as a sure ticket to generating profits down the road.
The only hard part to it, for stock traders, is recognizing the right stocks to buy at bargain prices. Stock prices can fall for a myriad of reasons, and those reasons don’t always boil down to fundamental soundness – stock prices can fall after a change in management, or a shift in business strategy, as investors wait to see how events shake out.