2 Growth Stocks Down 79% or More to Buy Now
There's no nice way to dress it up: Growth stocks are getting hammered this year. The Federal Reserve's efforts to restrict the money supply with big interest-rate bumps is a proven method of taming inflation, but it isn't appreciated by Wall Street.
These growth stocks are particularly good buys right now because they're already generating positive cash flow. With positive earnings in the present and the means to earn a great deal more, these stocks aren't as sensitive to rising interest rates as their beaten-down stock prices suggest.
There are some businesses that won't allow any of their employees to work remotely, but they're a dying breed. For all other businesses that embrace remote work, remote collaboration solutions are crucial and they're flocking to Zoom Video Communications (NASDAQ: ZM). Datanyze recently found more than 160,000 companies are using Zoom's services, which works out to around three-quarters of the existing market for enterprise-level video conferencing solutions.
Source Fool.com
