2 Stocks Down 21% and 34% to Buy Right Now
Soaring nearly 20% since this time last year, the S 500 has powered higher and higher, providing an even better return than the Dow Jones Industrial Average, which has climbed about 7%.
But not every stock has enjoyed such an impressive run this past year. In fact, two quality stocks, (NASDAQ: CGNX) and Brookfield Renewable (NYSE: BEPC), have headed in the other direction, falling 21% and 34% over the last year, respectively. Let's see why two fool.com contributors think the stocks are buys despite their recent declines.
Lee Samaha (Cognex): Cognex stock is down 4% this year and 18.6% over the last 12 months. It's not hard to see why. The machine vision technology company's three primary end markets have all struggled recently. Its logistics end market (e-commerce warehousing) slowed last year as companies like Amazon slowed investment after a few years of heavy investment driven by the pandemic.
Source Fool.com
Cognex Corp. Stock
Our community is currently high on Cognex Corp. with 11 Buy predictions and 3 Sell predictions.
With a target price of 48 € there is a slightly positive potential of 11.37% for Cognex Corp. compared to the current price of 43.1 €.
