2 Beaten-Down Stocks Near Their 52-Week Lows That Aren't Worth Buying
Buying stocks after they have lost significant market value can lead to excellent returns in the long run, but only if the company in question can reverse its fortunes.Sometimes, corporations lag the broader market for good reasons. Maybe they aren't delivering strong financial results, or their prospects look increasingly dim. Investors want to stay away from these stocks even when they look like they hit rock bottom since they are unlikely to recover and deliver solid returns.With that in mind, let's consider two companies near their 52-week lows that still don't look attractive: Tilray Brands (NASDAQ: TLRY) and Novavax (NASDAQ: NVAX).Continue reading
Buying stocks after they have lost significant market value can lead to excellent returns in the long run, but only if the company in question can reverse its fortunes.
Sometimes, corporations lag the broader market for good reasons. Maybe they aren't delivering strong financial results, or their prospects look increasingly dim. Investors want to stay away from these stocks even when they look like they hit rock bottom since they are unlikely to recover and deliver solid returns.
With that in mind, let's consider two companies near their 52-week lows that still don't look attractive: Tilray Brands (NASDAQ: TLRY) and Novavax (NASDAQ: NVAX).
