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2 Beaten-Down Growth Stocks to Buy on the Dip

TheMotleyFool

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2 Beaten-Down Growth Stocks to Buy on the Dip: https://g.foolcdn.com/editorial/images/723474/smart-investor-studying-stock-charts-getty.jpg

For over a year now, growth stocks have been under a lot of pressure. Since peaking in late 2021, the Nasdaq Composite has fallen around 27%, and many of its components have fared much worse.

For example, shares of Doximity (NYSE: DOCS) and SoFi Technologies (NASDAQ: SOFI) are down by more than half from their previous peaks. Despite getting hammered mercilessly, these look like excellent stocks to buy now and hold over the long run.

I wouldn't criticize anyone for letting such a disappointing stock market performance cloud their view of the stocks. One look at their underlying business, though, and you'll see why they're screaming buys right now.

Source Fool.com

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