FVRR - 2 Beaten-Down Stocks That Could Make You Richer
2024-03-10 08:15:00 ET
Becoming richer by investing in stocks usually doesn't happen overnight. It takes years -- sometimes decades -- of patience and holding on to shares of companies that aren't always performing as well as you'd like. That's an important part of the process. Investors shouldn't give up on stocks that aren't keeping pace with the market for a year or two, provided these stocks have solid prospects.
Let's consider two companies that have lagged the market over the trailing 12 months but are still worth buying: CVS Health (NYSE: CVS) and Fiverr (NYSE: FVRR) .
Pharmacy chain giant CVS Health dealt with several issues last year, including disappointing financial results and losing some business from a health insurer, Blue Shield California. The healthcare company also revised its guidance downward a couple of times last year, something the market doesn't like.
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2 Beaten-Down Stocks That Could Make You Richer