3 Growth Stocks Down More Than 50% From Their Highs
These stocks have been crashing this year, but at reduced valuations, they could make for intriguing contrarian buys.
Overview
Loading up on growth stocks while they're down big can set up investors for significant gains later on. It's important, however, to understand why they are struggling before buying them, so that investors are aware of any risks involving them.
Three growth stocks that may look incredibly appealing to long-term investors right now are Oracle (NYSE:ORCL), Intuit (NASDAQ:INTU), and Coupang (NYSE:CPNG). Here's why they may be worth buying, while they're down more than 50% from their highs.
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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.