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2 "Fallen Angel" Stocks Worth Buying Now

The article from The Motley Fool, published on December 6, 2024, discusses two "fallen angel" stocks that investors might consider buying. Fallen angels are stocks that were once high-fliers but have since declined in value, often due to temporary setbacks or market overreactions. The first stock highlighted is Tesla (TSLA), which has experienced a significant drop due to concerns over its growth rate, competition in the electric vehicle market, and Elon Musk's controversial decisions. However, the article suggests that Tesla's long-term potential remains strong due to its innovation in battery technology, autonomous driving, and its established brand. The second stock is Zoom Video Communications (ZM), which saw a surge during the peak of the remote work trend but has since fallen as the world has partially returned to in-person interactions. Despite this, Zoom has diversified its offerings, including new tools for hybrid work environments and expanding into enterprise solutions, positioning it well for future growth as remote and hybrid work continue to evolve. The article argues that both companies, despite their recent declines, have solid fundamentals and are potentially undervalued, making them attractive for investors looking for recovery plays.

Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/06/2-fallen-angel-stocks-buying-now/ ]

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