It's rare to find high-quality businesses trading at a discount, but it can happen for a number of reasons, especially if there is short-term uncertainty due to an unimpressive earnings report, bad company news, or a weakening stock market in general. When it does, investors should take advantage.
Two solid companies whose stocks have been beaten down lately are Spotify (NYSE: SPOT) and Activision Blizzard (NASDAQ: ATVI) . Regarding Spotify, Wall Street is worried about a slowdown in subscriber growth, while Activision Blizzard is embroiled in a scandal around sexual harassment and discrimination that has led to several lawsuits and regulatory complaints.
Those issues have driven down their respective stock prices, but for investors with long-term time horizons, this is a good time to buy.
For further details see:
2 Beaten-Down Tech Stocks to Buy and Hold for the Long Term