MDLA - Why Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 25%
Stock market "crashes'' are quite common. Historical averages show that the S&P 500 (SNPINDEX: ^GSPC) registers at least a 10% tumble from highs about every year to year and a half. We're closing in on that average since the market's steep drop at the start of the pandemic in March 2020, and some investors are waiting for another crash before putting money to work.
But why wait? Market declines don't hold to a strict schedule, and foregone gains while waiting could far exceed money lost in an eventual crash. Plus, there already was a deep downturn early in 2021, at least in one corner of the stock universe. High-growth tech stocks fell hard starting in March, some losing more than half their value in the course of a couple months. Three that are still down by at least 25% are Medallia (NYSE: MDLA) , Spotify (NYSE: SPOT) , and Alteryx (NYSE: AYX) . Here's why a few Fool.com contributors think they're a buy right now.
Nicholas Rossolillo (Medallia): In a new digital era, it's a challenge for businesses to collect feedback from customers and employees without direct observation and communication. Enter Medallia, a leader in the digital experience software market. The company operates an AI platform that detects and collects patterns and predicts behavior of a company's customers and employees -- across everything from applications to chat to reviews left on the web.
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Why Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 25%