1 Magnificent Aviation Stock Down 24% to Buy and Hold Forever

Archer Aviation still looks like a promising long-term investment. Archer Aviation (ACHR -14.79%), a builder of electric vertical take-off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisition company (SPAC) on Sep. 17, 2021. Its stock opened at $9.40 on its first day but sank to an all-time low of $1.63 on Dec. 27, 2022 as it missed its pre-merger estimates, and rising interest rates squeezed its valuations. Why is Archer a difficult stock to value? But Archer's business s ...