5 Best Beaten Down Stocks to Buy Now

2. Boston Scientific (NYSE:BSX)

No of HFs: 61

Total Value of HF Holdings: $2.53 Billion

BSX lost 20% since 2019. The company was mentioned as one of the 10 Best Cheap Stocks to Buy Now According to Ray Dalio. In an article, Diamond Hill Capital mentioned that the demand for BSX products is fairly inelastic.

“Medical device manufacturer Boston Scientific Corp. is a high-quality company that we own in several other portfolios. The company has experienced disruption from canceled elective procedures due to COVID-19, but demand for its products is fairly inelastic (e.g. if a pacemaker is needed, it can wait several weeks, but not years).”