2 Red-Hot Growth Stocks to Buy in 2022 and Beyond
The start of 2022 reminded every investor that the law of gravity still rules when it comes to stocks. The S&P 500 had its worst six-month period in over 50 years between January and June, losing more than a fifth of its value and entering bear market territory, while the tech-heavy Nasdaq Composite plunged more than 30% from the highs hit back in November.
The sharp dive that growth stocks experienced during the period came from fear of a recession hitting the economy as investors sought seemingly safer places to put their money. Many of those former highfliers are still nursing significant losses, but some have made a sharp rebound and, though still severely below where they started the year, offer investors a chance to scoop up stocks at discounted prices.
Of course, price alone is no reason to buy any stock. Sometimes companies are cheap for a reason. It's only because their businesses still offer significant growth opportunities that investors should consider buying this pair of red-hot growth stocks and then hold onto them for years to come.
Source Fool.com
