VIPS - Got $800? Here Are 3 Stocks Ready to Bounce Back
Stocks have been inching higher through most of the summer, but not every investment is near its all-time highs. There are plenty of companies that were stumbling even before the recent market setback. If you have some money to invest -- and you're concerned with the lofty valuations stapled to some of this year's biggest winners -- you may want to look at some of the stocks that have already corrected.
Shares of Rite Aid (NYSE: RAD), Stamps.com (NASDAQ: STMP), and Vipshop Holdings (NYSE: VIPS) have all surrendered more than 20% of their value over the past month. If you have $800 ready to invest -- more or less -- let's go over why these three stocks are names you may want to consider buying.
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