Bargain Hunters: These 3 Growth Stocks Haven't Been This Cheap in Years. Here's Why They Could Be Good Contrarian Buys
Key takeaways
- ADBE CHWY DUOL Investing in stocks that have been doing poorly can seem risky.
- Three stocks I think could be enticing contrarian buys today are Adobe (NASDAQ: ADBE), Chewy (NYSE: CHWY), and Duolingo (NASDAQ: DUOL).
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
ADBE CHWY DUOL Investing in stocks that have been doing poorly can seem risky. But if those stocks have strong underlying fundamentals, they can turn out to be attractive contrarian investments to buy and hold. Think of it as buying in a bear market. You might be scared to do so as you see stock prices go down, and the temptation is to think they ll keep going down. However, buying at extremely low prices can set you up for significant gains in the future -- as long as the business is in good shape.
Three stocks I think could be enticing contrarian buys today are Adobe (NASDAQ: ADBE), Chewy (NYSE: CHWY), and Duolingo (NASDAQ: DUOL). Their share prices haven t been this low in years, and while there is some risk with them these days, here s why they could prove to be excellent buys for the long haul.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »