2 Beaten-Down Growth Stocks to Buy After April's Thrashing
April wasn't a great month for the S&P 500 as the index fell by 9%, bringing its year-to-date returns down even farther to a negative 13%. And that's still modest compared to other stocks that have taken a beating in 2022 as investors have shifted away from growth stocks and into more conservative holdings.
A couple of stocks that have suffered even more serious declines include Align Technology (NASDAQ: ALGN) and Shopify (NYSE: SHOP) with shares of both growth-oriented businesses down more than 33% last month. Despite such alarming sell-offs, these may be two of the best stocks for growth investors to buy and hold right now.
Image source: Getty Images.
Source Fool.com
