These two stocks are no-brainer buys in the current market. That's not market timing -- it's just taking advantage of exaggerated share price discounts.
The Nasdaq Composite has fallen nearly 30% year to date, putting the tech-heavy index firmly in bear market territory -- what Wall Street calls a prolonged drop of 20% or more from the market's high. Here are three promising stocks that have been clobbered by the market and could make patient investors a pile of money once this downturn ends. Poshmark (NASDAQ: POSH) saw its shares fall 64% over the last year.
Netflix (NASDAQ: NFLX) shareholders lost ground to a falling market on Tuesday as shares dropped 5% by 11 a.m. EDT compared to a 2.3% slump in the S&P 500. Netflix stock was caught in a wider move away from tech stocks and growth stocks, but the drop was also powered by unwelcome news from Best Buy (NYSE: BBY). Best Buy said before the market opened that first-quarter sales trends were weaker than management had expected in the Q1 period that ended on May 1.