The Nasdaq Composite has rebounded around 35% so far this year, which shouldn't come as a surprise. The stock market occasionally falls, as investors were reminded in 2022, but fundamental business values always win out in the long run. Lower valuations for stocks set the stage for long stretches of rising stock prices that can last for years.

While it's difficult to know if this is truly the start of a new bull market, there are great stocks trading well off their highs that should deliver great returns over the long term.

(NASDAQ: ETSY) and Chewy (NYSE: CHWY) are two e-commerce leaders trading well off their previous highs. Here's why their growth stories are far from over.

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Source Fool.com