Stocks That Are Down 70%** Right Now: 4 Must-Buys for 2023

Introduction

The stock market has been on a wild ride in recent months. Some stocks have soared to new highs, while others have plummeted by 70% or more. In this article, we'll take a look at four stocks that are currently down 70% or more and discuss whether they're worth buying in 2023.

1. Meta Platforms (META)

Current Price: $102.59
52-Week Low: $88.26
70% Down from All-Time High: Yes

Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has been one of the hardest-hit stocks in the tech sector in recent months. The company's stock price has fallen by more than 70% from its all-time high due to a number of factors, including declining user growth, increased competition, and regulatory concerns.

Despite its recent struggles, Meta Platforms remains a leader in the social media space. The company's platforms have billions of users, and it generates a significant amount of revenue from advertising. However, the company is facing some challenges, and it's unclear whether it will be able to regain its former glory.

2. Peloton Interactive (PTON)

Current Price: $10.33
52-Week Low: $7.30
70% Down from All-Time High: Yes

Peloton Interactive, the maker of the popular at-home fitness bike, has also seen its stock price plummet by more than 70% in recent months. The company's stock has been hit hard by the reopening of gyms, supply chain disruptions, and increased competition.

Despite its recent struggles, Peloton Interactive remains a leader in the at-home fitness space. The company's bikes are popular with consumers, and it has a strong brand name. However, the company is facing some challenges, and it's unclear whether it will be able to regain its former glory.

3. Carvana (CVNA)

Current Price: $12.14
52-Week Low: $7.30
70% Down from All-Time High: Yes

Carvana, the online used car retailer, has also seen its stock price plummet by more than 70% in recent months. The company's stock has been hit hard by rising interest rates, supply chain disruptions, and increased competition.

Despite its recent struggles, Carvana remains a leader in the online used car market. The company has a large inventory of vehicles, and it offers a convenient and easy way to buy a used car. However, the company is facing some challenges, and it's unclear whether it will be able to regain its former glory.

4. Affirm Holdings (AFRM)

Current Price: $13.77
52-Week Low: $11.28
70% Down from All-Time High: Yes

Affirm Holdings, the buy now, pay later (BNPL) company, has also seen its stock price plummet by more than 70% in recent months. The company's stock has been hit hard by rising interest rates, regulatory concerns, and increased competition.

Despite its recent struggles, Affirm Holdings remains a leader in the BNPL market. The company has a large number of customers, and it has partnerships with a number of major retailers. However, the company is facing some challenges, and it's unclear whether it will be able to regain its former glory.

Are These Stocks Worth Buying in 2023?

The answer to this question depends on your individual investment goals and risk tolerance. If you're looking for high-growth stocks with the potential for significant upside, then these stocks may be worth considering. However, if you're looking for more conservative investments, then you may want to consider other options.

It's important to remember that all investments come with risk, and there is no guarantee that you will make money. Before you invest in any stock, it's important to do your own research and understand the risks involved.

Effective Strategies for Investing in Down Stocks

If you're considering investing in down stocks, there are a few strategies you can follow to increase your chances of success.

• Do your research. Before you invest in any stock, it's important to do your own research and understand the company's business model, financial狀況, and competitive landscape. This will help you make informed investment decisions.
• Invest for the long term. Down stocks can be volatile, so it's important to invest for the long term. This will give the company time to recover and grow.
• Diversify your portfolio. Don't put all of your eggs in one basket. Diversify your portfolio by investing in a variety of stocks, bonds, and other asset classes. This will help reduce your risk.

Common Mistakes to Avoid When Investing in Down Stocks

There are a few common mistakes that investors make when investing in down stocks. Avoid these mistakes to increase your chances of success.

• Don't panic sell. When stocks are down, it's easy to panic and sell. However, this is often the worst thing you can do. If you believe in the company's long-term prospects, then hold on to your shares.
• Don't chase after hot stocks. When stocks are hot, it's easy to get caught up in the hype and chase after them. However, this is often a mistake. Hot stocks can be overpriced and risky.
• Don't invest more than you can afford to lose. Investing in stocks always comes with risk. Don't invest more than you can afford to lose.

Conclusion

Investing in down stocks can be a great way to generate long-term returns. However, it's important to do your research and understand the risks involved. By following the strategies outlined in this article, you can increase your chances of success.

Additional Resources

• How to Invest in Down Stocks
• The Best Stocks to Buy When the Market Crashes
• 5 Things to Consider Before Investing in Down Stocks

Tables

Table 1: Down Stocks with 70% Declines

Table 2: Factors Driving Down Stock Prices

Table 3: Strategies for Investing in Down Stocks

Table 4: Common Mistakes to Avoid When Investing in Down Stocks