RH - 1 Growth Stock Down 66% to Buy Right Now
2024-05-31 04:50:00 ET
The bear market of 2022 is quickly becoming a distant memory.
Sparked by the launch of ChatGPT and the generative AI boom, the S&P 500 has rallied to all-time highs, setting a new record in January and pushing to new heights since then.
However, some stocks have been left behind. The housing sector, in particular, has struggled as existing home sales have plunged, and businesses that depend on housing transactions have suffered as well. That includes home furnishings stocks and one that's still down sharply is RH (NYSE: RH) , the high-end retailer formerly known as Restoration Hardware. The stock is 66% down from its high of 2021.
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1 Growth Stock Down 66% to Buy Right Now