1 Stock Down 63% to Buy Right Now
Is it getting harder to find bargains in the market? The S&P 500 is up 72% since its lows in 2022. That's an incredible rise in a short amount of time, and stocks have been rising to valuations that match.
But not all stocks are hitting highs. Many companies are still feeling the effect of high inflation, and it's showing up in their stock prices. As inflation cools, though, things look like they're starting to change, and now could be an inflection point. Consider e-commerce fashion retailer Revolve Group (NYSE: RVLV). It just released an outstanding third-quarter earnings report, but even though the stock jumped on the news, it's still down 63% from its highs at the time of this writing. Let's dive in and see why it's up, and why it could be a great candidate for a growth-oriented portfolio.
Revolve is an e-commerce superstar that sells high fashion through two web sites: Revolve, and its haute couture site, FWRD. It has figured out a formula for selling clothing that hits its target market in the right place, built on an AI and machine learning infrastructure that supports all of its operations. Another way Revolve stands out is its focus on social media and influencer marketing, which has been a pillar of its strategy from the beginning.
Source Fool.com
