MRNA - 2 Stocks Down 36% or More to Buy and Hold for 10 Years
2024-02-13 07:00:00 ET
There's arguably no better time to buy a stock than when it's been beaten down. Doing so provides a reasonable entry point for investors willing to hold the stock for a while, which can translate to outsized returns in time. Of course, not every stock lagging the market is worth an investment. It's essential to ensure a company has the tools to recover from whatever slump it is going through before taking that step.
Finding beaten-down stocks worth buying in a bull market can be difficult, but it's not impossible. Here are two examples: Fiverr International (NYSE: FVRR) and Moderna (NASDAQ: MRNA) . These two struggling companies are down by 36% and 43% in the past 12 months, respectively. But they can still deliver excellent returns in the next decade.
Fiverr's platform helps connect freelancers to businesses that need their services. The company's name comes from the starting price, $5, for the jobs on its website. It also points to one reason Fiverr has been successful: Businesses can hire talented freelancers, who are relatively cheap, to complete specific jobs. That beats having to go through the process of onboarding employees who are eligible for all sorts of benefits, a much more expensive proposition.
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2 Stocks Down 36% or More to Buy and Hold for 10 Years