5 Best Beaten Down Stocks to Buy Now

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In this article, we will take a look at the 5 best beaten down stocks to buy now. If you want to see more stocks in this selection, go to the 12 Best Beaten Down Stocks to Buy Now.

5. Nu Holdings Ltd. (NYSE:NU)

Number of Hedge Fund Holders: 33

YTD Stock Price Performance: -46%

Nu Holdings Ltd. (NYSE:NU) is a Sao Paulo, Brazil-based provider of digital banking platforms.

Experts regard Nu Holdings Ltd. (NYSE:NU) as one of the most successful financial institutions in the Latin American region, with a customer base of 70 million. The relatively weak stock performance is a surprising fact because the rising interest rate was expected to be favorable for financial institutions like Nu Holdings Ltd. (NYSE:NU). The company is focused on coming up with new products related to mortgages, working capital requirements and increasing its loan portfolio as well. Nu Holdings Ltd. (NYSE:NU) has an asset-light business model and inducts new customers easily because of its easy-to-apply loan process. Analysts think the company has the potential to experience a strong rise in stock price due to its efficient growth plans.

Atmos Capital raised its stake in Nu Holdings Ltd. (NYSE:NU) by over 2600% during the third quarter of the year.

Follow Nu Holdings Ltd. (NYSE:NU)

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