Aug. 14 at 9:02 PM
Two stocks I’m watching VERY closely right now:
AppLovin |
$APP — 57% below its peak
Duolingo |
$DUOL — 75% below its peak
Both are high-quality growth businesses that have gone through absolutely massive drawdowns.
A big drop alone doesn’t make a stock cheap, but this is exactly when I like to start digging deeper into valuation, fundamentals and what expectations are now priced in.
I don’t own either today.
But both are firmly on my watchlist.