Should You Buy These 3 Stocks While They're Down?
The market's been going up and down over the past few months, and low prices create compelling buying opportunities. But not all low prices are great buys. Let's go through three beaten-down stocks and see which ones are worth buying. Home Depot (NYSE: HD), Starbucks (NASDAQ: SBUX) and Lululemon Athletica (NASDAQ: LULU) are all down around 20% year to date. Should you buy their shares?
Home Depot has been demonstrating outstanding growth over the past two years, coinciding with lockdowns and a focus on the home. While much of that is over, and shoppers are spending on other products, Home Depot has continued to post increased sales and income.
Image source: Home Depot.
Source Fool.com
