History Says the S&P 500 Is Soaring Toward a Record High: 2 Magnificent Growth Stocks Near a 52-Week Low to Buy Now
Global equities markets fell sharply last year as macroeconomic headwinds hammered economies around the world. The S 500 -- a diversified index that covers more than half of global equities by market capitalization -- is still down nearly 10% from its all-time high. But investors have reason to be optimistic.
The fourth quarter has historically been the strongest quarter of the year for the S 500. The index, buoyed by holiday enthusiasm, has returned an average of 4.6% during that three-month period since 1980, according to Argus Research. But should those gains fail to materialize, investors still have reason to be optimistic.
The S 500 has never failed to recoup its losses from any past drawdown, meaning the index will almost certainly reach a new record high in the future. That makes the present a good time to buy stocks, and DigitalOcean Holdings (NYSE: DOCN) and Adyen (OTC: ADYE.Y) -- both of which trade near their 52-week lows -- look particularly attractive at their current valuations.
Source Fool.com
