With the major market indices hitting new highs, some investors are cautious and bracing for a correction, especially with August being a historically weak month for the markets. There are always risks in the stock market, of course. One way to mitigate downside volatility is to allocate some funds to growth stocks that are already beaten down but still have solid long-term prospects.
The following two companies have seen their share prices collapse over the past few years due to macroeconomic headwinds. However, their long-term prospects are still intact, setting these stocks up for a rebound. Here’s why they could return 50% by the end of next year.
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