DXCM - 3 Beaten-Down S&P 500 Stocks Ready to Bounce Back
Down 20% from its January high and within reach of new 52-week lows, the S&P 500 (SNPINDEX: ^GSPC) may be ready to recover -- or maybe not. We just don't know. What we do know is a slew of S&P 500 constituents have suffered even bigger setbacks and are primed to bounce back with or without the broader market's help.
Let's take a closer look at three of the most beaten-down names long-term investors can go ahead and add to their portfolios now -- even if stocks as a whole haven't yet found their ultimate bottom.
Dexcom (NASDAQ: DXCM) makes continuous glucose monitors for people with diabetes. In fact, its "G" series of devices are among the market's most popular, giving the company control of more than half the United States' glucose monitor market, as well as the biggest worldwide market share, according to numbers from iData. The fact that its monitors can be managed with a smartphone app and can integrate with some insulin pumps is proving compelling to people afflicted with Type 2 diabetes. This is apparent in Dexcom's financial results: Last year's top line was up 27%, and earnings are growing at a corresponding rate.
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3 Beaten-Down S&P 500 Stocks Ready to Bounce Back