2 Magnificent Growth Stocks to Buy in a Nasdaq Bear Market
While it has enjoyed an impressive rally this year, the Nasdaq Composite index remains down roughly 19% from its high, and is in danger of slipping back to the 20% decline level that would officially bring it back to bear-market territory. And even with some impressive rebound momentum in the broader market, there are some great growth stocks still trading down massively from the highs they reached in the last bull phase.
If you're on the hunt for top investment opportunities with huge growth potential, read on for a look at two beaten-down stocks that are worth buying today and holding for the long term.
Keith Noonan: Following some lumpy performance comparisons as the business lapped periods characterized by surging, pandemic-driven engagement, Roblox (NYSE: RBLX) is back to posting much stronger bookings and user-engagement growth. With its share price still down roughly 70% from the high that it reached in November 2021, now looks like an opportune time to build a position in the metaverse leader.
Source Fool.com
