GOEV - Is It Time to Buy This Year's Worst-Performing Growth Stocks?
This young year hasn't been perfect, but it's been generally kind to growth stocks. Investor sentiment turned against high-octane stocks in 2021 and 2022, but many of the former market darlings started to bounce back in January.
They're not all participating in the recovery effort. Some of the worst-performing stocks of 2023 -- down at least 20% year to date -- happen to be growth stocks. Sirius XM Holdings (NASDAQ: SIRI) , Canoo (NASDAQ: GOEV) , and JD.com (NASDAQ: JD) have had a rough start to 2023. They're down 24%, 39%, and 21%, respectively so far this year.
Is this a dinner bell for contrarians? Let's see if now is a good time to buy these three out-of-favor growth stocks.
For further details see:
Is It Time to Buy This Year's Worst-Performing Growth Stocks?