Wall Street Hates These 2 Stocks. Here's Why They Could Soar.
Meta Platforms (NASDAQ: META) and Carvana (NYSE: CVNA) may be the two most hated names in the stock market right now.
Both have fallen sharply from their peaks, and both are involved in massive attempts at disruption that seem to have gone awry. Facebook-parent Meta Platforms is down more than 75% after burning through nearly $4 billion on its metaverse bet in the third quarter alone. And when it comes to online used car dealer Carvana, investors are now scared the company could go belly up, as it could face wide losses as used car prices fall. Carvana stock is down more than 95% from its 2021 peak.
Meta and Carvana have plunged for good reasons, but that doesn't mean that buying them now as contrarian bets in a bear market couldn't pay off handsomely.
Source Fool.com
