PINS - 2 Beaten-Down Stocks to Buy Right Now
2024-02-28 07:45:00 ET
Pinterest (NYSE: PINS) and Snap (NYSE: SNAP) have a lot in common. They are among the most prominent social media companies in the world. Both performed well in 2023. And both started 2024 on a sour note.
As things stand, Pinterest is down by 3% year to date, while Snap has dropped by 36%. Despite their poor performances so far this year, there is a lot to like about both stocks.
Pinterest focuses on image discovery and browsing. The social media platform's visual flavor sets it apart from many of its competitors. No one goes to Pinterest to debate controversial topics. People visit it to get inspiration and fuel their creative juices. That's all well and good, but how is Pinterest performing? The market was disappointed with the company's fourth-quarter earnings report since it missed analysts' revenue estimates and failed to deliver encouraging guidance.
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2 Beaten-Down Stocks to Buy Right Now