2 Stocks Down 52% and 28% to Buy Right Now

Now that the confetti and champagne bottles have been cleared away, many people are looking to start the new year off by adding some new names to their portfolios. With so many stocks to consider, it's easy to feel overwhelmed with the choices. One smart place to start the search is with stocks that have suffered declines recently, since they can provide great buying opportunities.Two Fool.com contributors think that Nio (NYSE: NIO) and Devon Energy (NYSE: DVN) are especially compelling right now, as the future remains bright for these beaten-down names.Scott Levine (Nio): From the prospect of new European tariffs to dwindling revenue, a number of factors motivated investors to steer this electric car (EV) stock out of their portfolios over the past year. In fact, shares of Nio plunged about 52% in 2024, in contrast to the 24% rise they enjoyed in 2023. But that doesn't mean investors should forsake the EV company, as the stock could very well drive higher in the coming months.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool