These 3 Stocks Have Underperformed the Market This Year. Is Now the Time to Buy?
The market has taken a beating thus far in 2022. As of this writing, the S&P 500 has slipped 7% year to date, and many tech stocks are down significantly more than this. The market will undergo downtrends as macroeconomic conditions and investor sentiment shift, but the market has always recovered -- and it will again. The key is to differentiate quality companies whose stocks have oversold based on momentum or short-term headwinds from those with solid fundamentals.
The most recent significant downturns occurred in 2018 and, of course, in March 2020 when the pandemic hit the U.S. During each period, investors dumped quality companies and those with subpar results alike. Few predicted that the March 2020 crash would be the buying opportunity of a generation as the world's economies were shuttering. Some did, and those cunning investors were able to pick up great stocks at steep discounts to make terrific returns. With this in mind, let's explore some of the names on sale now.
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Source Fool.com
