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3 fundamentally strong stocks with prices dropping by more than 40%
By New Academy of Finance  •  May 31, 2022
Fundamentally strong stocks with huge price corrections. Is this an opportunity? After 7 consecutive weeks of closing lower, the S&P 500 (as represented by the SPY ETF, in this example), saw a “much-welcomed” rally last week when the index rallied by approx. 6%. Is this just a bear market rally, or does it signify that a bottom has already been reached and blue skies are ahead? I don’t have a crystal ball in front of me to say with certainty that either one of the above 2 scenarios is the right one. But if I am to render a guess (and yes, it is just my personal “guestimate” so please do not take it as the gospel truth), grey clouds with showery thunderstorms are what I am envisioning at the moment (read between the lines, ya) Nonetheless, there are always opportunities for both investors and traders alike, to capitalize even in the current uncertain market scenario....
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By New Academy of Finance
I have got no sob-stories to entertain ya. I am just a regular joe, happily married, with two “highly energetic” young boys that can never seem to settle down! Life is peaceful, or if you wish to put it with a tad of negative connotation to it, BORING. Some say boring is good!
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