3 Magnificent Stocks Near 52-Week Lows to Buy in October

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3 US Growth Stocks Near Lows Worth Watching in October

Despite recent share price drops, Netflix, Deckers Outdoor, and Chipotle offer decent long-term value backed by solid business trends.

Netflix’s 28% year-to-date slide looks overdone. It still delivers double-digit revenue growth and strong margins in a tough streaming market, and trades at a reasonable 19 times forward earnings. South African investors exposed via Prosus might find renewed interest here if global tech sentiment improves and the rand weakens, as the US-dollar strength typically boosts returns from offshore tech holdings. Deckers Outdoor is another intriguing story. Its Hoka brand is stealing ground from Nike, and trading at just over 10 times forward earnings feels cheap given international growth prospects and solid cash flow. Local investors can watch how currency moves impact earnings repatriation when owning Deckers directly or indirectly. Chipotle offers resilience in the consumer space, growing same-store sales and expanding rapidly. Though pricier than Deckers, it benefits from a loyal customer base and plans to open hundreds of new outlets—an interesting diversity play against purely SA consumer stocks like Shoprite or Woolworths. The main risk? Equity rebounds globally could stall, and a stronger rand would dampen offshore returns, reducing appetite for these dollar-heavy names. this is just our opinion and not financial advice