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Things Are Looking Up for These 2 Beaten-Down Stocks

Dan Caplinger, The Motley Fool
·3-min read
Things Are Looking Up for These 2 Beaten-Down Stocks

The stock market has been relatively quiet over the past days, as market participants seem content to digest the big gains that major market benchmarks have seen in recent weeks. Both Carvana (NYSE: CVNA) and Semtech (NASDAQ: SMTC) have suffered big declines, but shareholders hope that the worst might be over and that the two respective businesses might continue to improve from here. Shares of Carvana soared 25% in premarket trading on Thursday morning.

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