4 Growth Stocks Down 20% or More to Buy Right Now
Who in the investing world isn't seeking out promising growth stocks to add to their long-term portfolio? Well, I suppose some are not. They may be focused on dividend-paying stocks, which is actually a very good investing strategy. But growth stocks, which tend to rise at a faster-than-average clip, are certainly enticing -- and they may help you reach your financial goals more quickly.Some growth stocks have grown so fast that their valuations now seem sky-high. Think, for example, of Palantir Technologies, with a recent price-to-earnings (P/E) ratio of 460. Such stocks could keep growing, of course, but they also stand a decent chance of pulling back in the near term.Image source: Getty Images.Continue reading
Who in the investing world isn't seeking out promising growth stocks to add to their long-term portfolio? Well, I suppose some are not. They may be focused on dividend-paying stocks, which is actually a very good investing strategy. But growth stocks, which tend to rise at a faster-than-average clip, are certainly enticing -- and they may help you reach your financial goals more quickly.
Some growth stocks have grown so fast that their valuations now seem sky-high. Think, for example, of Palantir Technologies, with a recent price-to-earnings (P/E) ratio of 460. Such stocks could keep growing, of course, but they also stand a decent chance of pulling back in the near term.
Image source: Getty Images.
