Squid Game: Stocks on Sale Edition
The top show on Netflix (NASDAQ: NFLX) these days is Squid Game. Some reports claim that the South Korean survivalist thriller is on the verge of unseating Bridgerton as the most streamed show in Netflix history.
The premise of the dystopian show is twisted but potent. It starts with 456 people -- all desperate for money and purpose after being discarded by society -- playing a series of violent versions of kid games. Big money awaits the eventual survivor.
Let's play Squid Game with stocks. I screened for stocks that are trading more than 50% below their 52-week highs, forgotten stocks in a market near all-time highs. I then narrowed the field to some names that caught my eye as potential growth stocks. We don't have the time to go through 456 players here, of course. These are the six names that I settled on for this particular survival-of-the-fittest contest, and how far they were from their 52-week highs as of Wednesday's close.
Source Fool.com
