2 Stocks Down 8% or More That Are Screaming Buys Right Now
You might regret ignoring these companies at current levels.
Overview
Broader equities have performed fairly well this year, despite several macroeconomic headwinds, with major U.S. indexes now sitting near all-time highs. Is it still worth it to invest in stocks right now? Yes, it is, and one way to do so is to look for beaten-down companies that look likely to recover. Here are two options to consider: Intuitive Surgical (NASDAQ: ISRG) and Novo Nordisk (NYSE: NVO). Despite recent challenges, both of these corporations look like great long-term picks.
Image source: The Motley Fool.
Intuitive Surgical's latest version (the fifth) of its famous da Vinci system is popular among surgeons. However, the device carries lower margins than the company's average. That's one of the key reasons the stock has underperformed in recent years and is down 34% year to date. But Intuitive Surgical may be a great buy on the dip, as the da Vinci 5 is likely to make up for its lower margins down the road.
Details
Source
Originally published at www.fool.com.