2 Growth Stocks Down 54% and 68% to Buy Hand Over Fist
The Nasdaq-100 market index is where investors turn for a sense of how the technology sector is doing, and -- spoiler alert -- it's not having a great year. The index has lost 27.2% of its value during 2022, placing it firmly in bear market territory with many individual tech stocks faring even worse.
For short-term investors, it's horrible news. But for long-term investors, the steep drop presents a potential opportunity to put their money to work buying stock in rapidly growing companies at a steep discount. After all, history suggests the broader markets always recover to new highs, given enough time. To have the best odds of generating positive returns when the market does turn around, good stock selection is key.
Today, we will discuss two businesses that make the most of their cloud-powered digital operations and operate in an industry that will be in high demand for the foreseeable future. You may want to consider buying their stocks hand over fist.
Source Fool.com
