DAL - 2 Stocks Down 90% and 37% to Buy Now
2024-02-15 09:05:00 ET
It would be nice if stocks perpetually climbed higher and higher. Sadly, though, no stock is immune from temporary price dips. Disconcerting as this may be, savvy investors know that this often presents great buying opportunities.
While the S&P 500 recently set a historic high, many stocks aren't enjoying the same cause for celebration right now. Rivian (NASDAQ: RIVN) and Delta Air Lines (NYSE: DAL) , for example, are two stocks that have plunged considerably from their all-time highs. Below, two fool.com contributors discuss why these stocks are great buys right now despite their lackluster performances.
Scott Levine (Rivian) : It's been a while since Rivian had investors' hearts racing with excitement. Shares of the upstart electric-vehicle ( EV ) company are down about 90% from the all-time high it reached shortly after its initial public offering in November 2021. The stock's massive pullback, however, presents an excellent opportunity for patient investors who have time to wait for the company's growth plans to play out.
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2 Stocks Down 90% and 37% to Buy Now