1 Magnificent Growth Stock Down 72% to Buy and Hold Forever
After months of concern about tariffs and the economy, the market is bouncing back. The latest earnings reports from many companies tell a story of growth and positive outlooks, and investors are breathing more easily.
Many stocks are soaring based on optimism about the future, and these stocks are driving the gains in the market. If you were nervous while the market was down, you may have missed some excellent bargains. The good news is, there are always some great stocks to find. On top of that, if you're a long-term investor, finding the best bargains may not matter so much. You want to find incredible stocks with a long-term opportunity at a reasonable price.
Insurance company Lemonade (NYSE: LMND) had an amazing week after releasing its second-quarter earnings, and it's already jumped 38% since the announcement. However, it's still 72% off of its highs from a few years ago, and there are many reasons it could continue to soar.
Source Fool.com
