As the old saying goes, the stock market is a staircase up and an elevator down. In plainer terms, gains tend to compound gradually over time, while sell-offs can happen in a heartbeat.

That's certainly been the case for Johnson Controls (NYSE: JCI), Li-Cycle Holdings (NYSE: LICY), and Enphase Energy (NASDAQ: ENPH) which are down 14.1%, 25%, and 15.3%, respectively, in the past month.

Despite the sell-off, all three companies are chock-full of long-term potential. Here's why each growth stock is worth buying now.

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Source Fool.com