2 Cash-Rich Stocks Down Between 66% and 75% to Buy for a Turnaround
Some investors worry about an expensive market near all-time highs. But not every stock is near its all-time high today, nor is every stock expensive.That goes for even certain parts of the high-growth technology sector. In fact, technology companies focused on the auto and industrial markets are actually mired in a nasty downturn.These stocks boomed after Covid, but the rapid rise in interest rates has caused a steep drop in demand. In turn, many stocks focused on these end-markets have plunged.Continue reading
Some investors worry about an expensive market near all-time highs. But not every stock is near its all-time high today, nor is every stock expensive.
That goes for even certain parts of the high-growth technology sector. In fact, technology companies focused on the auto and industrial markets are actually mired in a nasty downturn.
These stocks boomed after Covid, but the rapid rise in interest rates has caused a steep drop in demand. In turn, many stocks focused on these end-markets have plunged.
