After carrying the stock market higher over the last two years, two of the best performing stocks in the market have been hammered lower by the recent stock market correction.
Though it is impossible to know how long and how deep this correction will go, good investing principles don’t require us to predict what is going to happen in the immediate future. Instead of trying to forecast returns, investors would be better served by looking for stocks that are currently trading at discounts to their historical valuations.
Lucky for us, these two stocks have fallen 30% and 50% respectively from their recent highs, both are trading at reasonable valuations. Furthermore, both stocks enjoy long-term business and economic tailwinds, with strong growth forecasts in the foreseeable future.
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