Stock Market Correction: 2 Stocks Down 26% and 20% in a Month That You Can Buy Right Now
The S&P 500 recently dipped into correction territory, falling more than 10% from its recent high, and the tech-heavy Nasdaq-100 index has performed even worse. While it's never fun to watch the value of your stock portfolio go down, it's important to take a step back. After all, market corrections like this one are a normal part of investing and can be expected to happen from time to time.Stock market corrections also tend to serve up opportunities for long-term investors to put money to work. Here are two stocks that look especially attractive right now, both of which are down more than 20% in the past month. Both are top-10 investments in my portfolio and ones I plan to add to if the current prices persist.Financial services platform SoFi Technologies (NASDAQ: SOFI) is down by about 26% in the past month, but this looks like an excellent buying opportunity considering the company's momentum. The company ended 2024 with more than 10.1 million members, adding more than 2.5 million last year alone. Loan performance is continually improving, and SoFi has done a great job of building capital-light, low-risk revenue streams, such as its rapidly growing third-party loan origination platform.Continue reading
The S&P 500 recently dipped into correction territory, falling more than 10% from its recent high, and the tech-heavy Nasdaq-100 index has performed even worse. While it's never fun to watch the value of your stock portfolio go down, it's important to take a step back. After all, market corrections like this one are a normal part of investing and can be expected to happen from time to time.
Stock market corrections also tend to serve up opportunities for long-term investors to put money to work. Here are two stocks that look especially attractive right now, both of which are down more than 20% in the past month. Both are top-10 investments in my portfolio and ones I plan to add to if the current prices persist.
Financial services platform SoFi Technologies (NASDAQ: SOFI) is down by about 26% in the past month, but this looks like an excellent buying opportunity considering the company's momentum. The company ended 2024 with more than 10.1 million members, adding more than 2.5 million last year alone. Loan performance is continually improving, and SoFi has done a great job of building capital-light, low-risk revenue streams, such as its rapidly growing third-party loan origination platform.
