17.12.2024 10:48:00

1 Growth Stock Down 17% in 2024 to Buy Right Now

After the stock market's strong returns this year, it's challenging to find stocks that have fallen. Growth stocks, in particular, have had a good run. The S&P 500 Growth Index has gained 40.4% this year (through Dec. 16). That's more than 28 percentage points higher than the S&P 500 Value Index's 11.9%.Wayfair (NYSE: W) performed well during the early days of the pandemic with high revenue growth. The company rewarded shareholders with outsized gains. But times have been challenging more recently, and the stock has dropped more than 17% this year.However, while it's challenging to go against the market, those willing to bear the risk seem likely to bear the rewards. Wayfair is a stock that has a big potential upside.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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