Got $1,000? 2 Stocks to Buy for the Long Term
Growing companies that previously traded at a big premium have been hit hard in this market downturn. Higher inflation and interest rates have presented headwinds for the economy, and when uncertainty increases in the near term, Wall Street typically sells first and asks questions later.
But this downturn will eventually fade away and lead to another bull market. Whether you already own several stocks or are just starting to put together a diversified portfolio, investing $1,000 in growth stocks should pay off nicely down the road. Here are two to consider.
The U.S. e-commerce market is projected to cross $1 trillion in 2022, according to Insider Intelligence. It's a massive opportunity for a differentiated marketplace like Etsy (NASDAQ: ETSY), which specializes in handmade or vintage items. Yet, investors are completely overlooking the value in e-commerce stocks right now because of difficult growth comparisons with the acceleration in online orders during the pandemic.
Source Fool.com
