These 2 High-Growth Stocks Just Went on Sale
The market giveth and the market taketh away.
Growth stocks were the biggest winners of the pandemic rally last year, but many of the hottest names that got tailwinds during the health crisis have faded, with some popular growth stocks now down more than 50% from their previous peaks. Investors seem to believe that valuations have gotten stretched, and many have rotated amid cyclical and value stocks, banking on a strong recovery when the economy fully reopens. Earnings season has further reinforced this sentiment with many popular growth stocks diving in spite of impressive quarterly results.
However, some high-quality companies have gotten thrown out with the bathwater, making right now a great time for growth investors to go shopping. In particular, Etsy (NASDAQ: ETSY) and Redfin (NASDAQ: RDFN) look ripe for new purchases.
Source Fool.com
