2 Stocks Down 39% and 49% to Buy Right Now
Temperatures may be cooling these days, but one thing that remains hot is the S 500. Since the start of the year, it has soared 18% to the delight of investors.
But some stocks have moved in the other direction. Take Chinese electric vehicle (EV) stocks (NYSE: NIO) and Li Auto (NASDAQ: LI), for example. Since the start of the year, these two stocks have provided investors with little to celebrate.
This certainly doesn't mean that they should be written off, though. Let's see why two Fool.com contributors think these stocks can stop heading in reverse and drive higher in the months to come.
Source Fool.com
NIO Inc. Stock
€3.68
0.220%
With 2 Buy predictions and 1 Sell predictions the community is currently undecided on NIO Inc..
As a result the target price of 5 € shows a positive potential of 35.72% compared to the current price of 3.68 € for NIO Inc..
