2 Stocks Down 17% and 34% to Buy Now and Hold for the Next Decade
These growing businesses are still benefiting from major tailwinds.
Overview
Dutch Bros (NYSE: BROS) and Take-Two Interactive (NASDAQ: TTWO) have both pulled back recently, even as their businesses continue to grow. As of Sept. 21, Dutch Bros is down 34% over the past 12-month period, while Take-Two is down about 17%. That disconnect looks like a compelling buying opportunity, with clear catalysts still ahead.
Image source: Getty Images.
Dutch Bros shares have sold off even after the company beat revenue and earnings estimates in the second quarter. Even with higher coffee costs pressuring near-term results, management raised its full-year guidance for revenue, same-shop sales, and adjusted EBITDA.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.