BROS - 2 Growth Stocks Down Over 50% to Buy Right Now
2024-06-13 05:15:00 ET
The tech-fueled Nasdaq rally hasn't benefited all stocks. Some leading consumer brands that saw their share prices drop in the market sell-off a few years ago are still trading at more than 50% off their previous peak.
Shares of leading cruise operator Carnival (NYSE: CCL) and beverage chain Dutch Bros (NYSE: BROS) are down 77% and 52%, respectively, from their previous peak. Here's why these stocks could outperform the broader market over the next few years.
Carnival shares have doubled since bottoming out in 2022. This leading cruise line continues to see strong booking trends, and it has an exciting project in the works that could drive strong demand for years.
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2 Growth Stocks Down Over 50% to Buy Right Now