2 Stocks Down 63% and 72% to Buy Right Now

With less than a month remaining in this year, it's fair to say that 2024 has been great for the stock market. The S&P 500 index, which is often treated as the benchmark for broader market performance, has risen roughly 28% year to date. Meanwhile, the more growth-focused Nasdaq Composite index has seen its level rise 31.5% over the period. Nvidia, Palantir, Microsoft, and other big winners may continue to march higher and help set records for major indexes, but investors may also want to consider stocks that still trade down big from previous valuation highs. With that in mind, read on to see why two Motley Fool contributors think that buying these stocks right now would be a smart year-end move.Jennifer Saibil: Shares of Carnival (NYSE: CCL) are up 44% this year after more than doubling last year. So investors might be surprised to learn that this top stock, which seems to have rebounded, is still 63% off its all-time highs.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool