7 Oversold Stocks to Buy in July 2022
Oversold stocks is our topic for today. There is no point in sugarcoating this year’s volatility on Wall Street. Many stocks have fallen precipitously. Meanwhile, many darlings of the pandemic have lost significant value in the past six months. The tech-heavy Nasdaq 100 index has fallen 28% year-to-date (YTD), while the benchmark SP 500 index has dropped 19% so far this year. Moreover, many growth stocks have tumbled more than 50% since the beginning of the year. As a result, a number of high-quality shares are trading below fair value. With consumer sentiment at a record low and inflation at 40-year highs, rising interest rates have added salt to the wound. So naturally, investors are on the hunt for oversold stocks with bargain valuations that could soar in value once optimism returns to the stock market. While it is crucial to be well-positioned for the next bull rally, investors shouldn’t buy oversold stocks simply because they have fallen a long way. Stocks can experience further sudden declines before the pessimism subsides.
7 Oversold Stocks to Buy in July 2022
Oversold stocks is our topic for today. There is no point in sugarcoating this year’s volatility on Wall Street. Many stocks have fallen precipitously. Meanwhile, many darlings of the pandemic have lost significant value in the past six months. The tech-heavy Nasdaq 100 index has fallen 28% year-to-date (YTD), while the benchmark SP 500 index has dropped 19% so far this year. Moreover, many growth stocks have tumbled more than 50% since the beginning of the year. As a result, a number of high-quality shares are trading below fair value. With consumer sentiment at a record low and inflation at 40-year highs, rising interest rates have added salt to the wound. So naturally, investors are on the hunt for oversold stocks with bargain valuations that could soar in value once optimism returns to the stock market. While it is crucial to be well-positioned for the next bull rally, investors shouldn’t buy oversold stocks simply because they have fallen a long way. Stocks can experience further sudden declines before the pessimism subsides.