2 Hot Stocks Down 45% to Buy Right Now

If you have money to invest but believe there aren't any bargains right now since stock market indices are hitting all-time highs, wait until you hear about the stocks that have missed the rally and seem prime to rebound. Two perfect examples are Rivian Automotive (NASDAQ: RIVN) and Nio (NYSE: NIO) -- both stocks are down 45% so far in 2024.Although global demand for electric vehicles (EV) continues to grow, the industry has faced multiple headwinds, including falling subsidies, high interest rates, and rising competition from China. To top that, companies like Rivian and Nio have had their own set of challenges, all of which combined to send their stock prices tumbling.The good news is that both EV makers appear to be at an inflection point now, with strong catalysts ahead that could send their shares higher. Here's why now's the time to buy these two stocks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool