2 Beaten-Down Stocks to Buy and Hold for a Decade
Even in a bull market like the one we are currently in, investors can find stocks of great businesses that aren't performing well but are still worth buying given their long-term prospects. That seems to be the case with (NASDAQ: ETSY) and PayPal (NASDAQ: PYPL). These companies have encountered issues over the past couple of years, leading to subpar financial results and underperforming stocks.
However, for patient investors willing to hold their shares for 10 years, Etsy and PayPal remain solid buys. Let's find out why.
The e-commerce industry is booming, and businesses are responding accordingly. There are plenty of platforms for online shopping, which makes it hard to carve out a successful and lucrative niche in this sector. Etsy has managed to do just that. It offers vintage, handmade, and unique goods that are difficult to find in other places. In a 2022 survey, 87% of Etsy's customers agreed: The platform has items they can't get elsewhere.
Source Fool.com
