Is This Bargain Stock Poised for a Bull Run?
The S&P 500 might be trading 7% below the record high it touched in February, but investors are still concerned about high stock valuations. This makes perfect sense in the wake of the index's strong gains in 2023 and 2024. Across those two years, it rose by about 53%.But all hope isn't lost for those still trying to find some reasonably valued equities to add to their portfolios. For those willing to look at beaten-down companies, there might still be lucrative opportunities to allocate capital with a long-term mindset.As of March 25, one fintech stock was trading 77% off the peak it reached in July 2021, when COVID-19 was still a global health crisis. While the market's enthusiasm for this company has fallen, the fundamentals of the business could justify more optimism.Continue reading
The S&P 500 might be trading 7% below the record high it touched in February, but investors are still concerned about high stock valuations. This makes perfect sense in the wake of the index's strong gains in 2023 and 2024. Across those two years, it rose by about 53%.
But all hope isn't lost for those still trying to find some reasonably valued equities to add to their portfolios. For those willing to look at beaten-down companies, there might still be lucrative opportunities to allocate capital with a long-term mindset.
As of March 25, one fintech stock was trading 77% off the peak it reached in July 2021, when COVID-19 was still a global health crisis. While the market's enthusiasm for this company has fallen, the fundamentals of the business could justify more optimism.
