2 Growth Stocks Down 38% and 65% to Buy Right Now

For the last few months, the stock market has climbed higher and higher, driven by sentiment around the artificial intelligence (AI) boom. The S&P 500 index keeps breaking through to new all-time highs and is now up 16% year to date. Many stocks are now overvalued or even in bubble territory.Not all stocks, though. There are plenty -- even fast growing companies -- trading at discounts that investors can buy today for market outperformance. Enter Coupang (NYSE: CPNG) and Remitly Global (NASDAQ: RELY). Here's why both growth stocks are easy buys right now.Sending money abroad used to be expensive, risky, and a huge waste of time for senders. The smartphone revolution and mobile connectivity have enabled disruptors like Remitly Global to improve the customer experience when sending international remittances, which is why it has rapidly gained market share since its founding. With an easy-to-use mobile application, Remitly customers can send money to various bank accounts abroad for a reasonable price, making it easy for foreigners to send money to family or friends back home.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool