SBUX - Got $5000? These 3 Growth Stocks Are Near Their 52-Week Lows
2024-05-05 03:31:00 ET
Buying growth stocks on the dip can be a way to lock in some great future gains. The current economy might not be ideal for all businesses, but in the long run, it is likely to recover. And amid that recovery, growth stocks as a whole should perform better.
Three such stocks that investors have been feeling bearish about of late are Apple (NASDAQ: AAPL) , Starbucks (NASDAQ: SBUX) , and Prologis (NYSE: PLD) . They are all trading near their 52-week lows, and if you have $5,000 you can afford to invest, here's why you should consider loading up on these stocks right now.
At around $175, Apple's stock has been rising of late, but it's still not far from its 52-week low of $164.08, and it's still down 9% year to date. It's trading at 26 times its trailing earnings, which isn't a steep multiple for one of the most valuable stocks in the world.
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Got $5,000? These 3 Growth Stocks Are Near Their 52-Week Lows