BEPC - 2 Stocks Down 21% and 34% to Buy Right Now
2024-04-27 03:03:00 ET
Soaring nearly 20% since this time last year, the S&P 500 has powered higher and higher, providing an even better return than the Dow Jones Industrial Average , which has climbed about 7%.
But not every stock has enjoyed such an impressive run this past year. In fact, two quality stocks, Cognex (NASDAQ: CGNX) and Brookfield Renewable (NYSE: BEPC) , have headed in the other direction, falling 21% and 34% over the last year, respectively. Let's see why two fool.com contributors think the stocks are buys despite their recent declines.
Lee Samaha (Cognex): Cognex stock is down 4% this year and 18.6% over the last 12 months. It's not hard to see why. The machine vision technology company's three primary end markets have all struggled recently. Its logistics end market (e-commerce warehousing) slowed last year as companies like Amazon slowed investment after a few years of heavy investment driven by the pandemic.
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2 Stocks Down 21% and 34% to Buy Right Now