Following the release of inflation statistics, growth stocks have taken a beating. The NASDAQ fell 1%, and unprofitable technology stocks took a hit. According to a study, a Goldman Sachs list of growth stocks has dropped 4% in the last four weeks. The government has neglected to respond to these events, leading to the conjecture that these problems are to be expected in an economy recovering from a pandemic. Activision Blizzard, Peloton Interactive, and Biogen Inc. are among the top beaten-down stocks to purchase today.
Here is Insider Monkey’s list of 11 Best Beaten Down Stocks To Buy Today. Dow Inc. is projected to mitigate some of the effects of these issues as demand for its products, and their pricing continues to climb. In recent days, the shares of Penn National Gaming, Inc. have plummeted. Dave Portnoy has been accused of misbehavior, according to Business Insider. The corporation has already stated its position on the subject. Deere & Company manufactures and sells farm and agricultural equipment. The stock has taken a beating in recent weeks as a result of a workers’ strike. The corporation provided the striking workers with a new labor agreement in early November, which included a 30% raise and other concessions. Gordon Haskett has upgraded The TJX Companies, Inc. due to its excellent fundamentals. Analysts expect the corporation to silence skeptics with a good third-quarter earnings report. Many retailers are having supply chain issues, including this one. Western Digital Corporation reported $2.49 earnings per share, which was $0.05 higher than expected. Over the period, revenue totaled $5 billion, exceeding expectations by $40 million. According to the company, customers are having troubles because of supply chain challenges. Click the 11 Best Beaten Down Stocks To Buy Today for more details.