2022 Has Been a Sour Year for Investors: 3 Stocks to Buy to Prepare for 2023
The stock market might be bottoming out, or it might keep falling to fresh lows. Regardless of what happens in the near term, though, there are plenty of great companies on sale that will survive this period of market mayhem and generate great returns for patient, long-term investors.
When recently asked to name a few such stocks, three Motley Fool contributors picked Netflix (NASDAQ: NFLX), Chegg (NYSE: CHGG) Lululemon Athletica (NASDAQ: LULU).
John Ballard (Netflix): This has been a rough year for Netflix. The stock is down by almost 70% from its all-time high. The streaming leader reported back-to-back subscriber losses in the first and second quarters, which accelerated the stock's fall from grace on Wall Street. To its credit, management has been open and candid with investors, attributing its problems to the growing adoption of connected-TV platforms and increasing competition from new streaming services, among other issues.
Source Fool.com
