2 Stocks Down 28% and 34% to Buy and Hold
Major U.S. market indexes have performed well this year and are near all-time highs, but that's largely driven by large technology and artificial intelligence-focused companies. It's not that hard to find beaten-down stocks once we step outside the relatively small group of stocks that are pulling equities in the right direction, and some of those market laggards look particularly attractive on the dip. That's the case with TransMedics Group (NASDAQ:TMDX) and SoFi Technologies (NASDAQ:SOFI) , two stocks that have declined by 28% and 34%, respectively, over the past year. Here's why it's worth considering investing in these companies right now. Image source: The Motley Fool. TransMedics Group has helped revolutionize organ transplant. The company developed the Organ Care System (OCS), a device designed to keep organs in good shape before transplants. Why is this important? The traditional cold storage method of storing organs can damage them and make them unusable for transplant, which is a big problem considering there is already a shortage of available organs. Continue reading