PINS - Is It Time to Buy the 3 Worst-Performing Growth Stocks of 2021?
They may be the companies behind some of the U.S.'s most compelling growth stock stories. But shares of NovoCure (NASDAQ: NVCR) , Pinterest (NYSE: PINS) , and MarketAxess (NASDAQ: MKTX) have been strangely poor performers this year, with prices down 46%, 39%, and 38% (respectively) since the end of 2020. For perspective, as of the first day of December, the Nasdaq Composite (NASDAQINDEX: ^IXIC) is up by an incredible 23% year to date. That's a huge disparity.
And yet, smart investors know that this sort of volatility can also spell opportunity. Bearish rhetoric may have done some short-term damage, but value is always eventually reflected in the long run.
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Is It Time to Buy the 3 Worst-Performing Growth Stocks of 2021?