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2 Beaten-Down Stocks to Buy in 2023 and Hold for at Least 5 Years

TheMotleyFool

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2 Beaten-Down Stocks to Buy in 2023 and Hold for at Least 5 Years: https://g.foolcdn.com/editorial/images/719403/working-on-wall-street.jpg

Last year, the market pummeled businesses across a range of industries. Growth-oriented stocks in particular took a heavy beating. However, the pressure on some of these companies has started to ease in 2023.

While some growth stocks were arguably not worth the premium valuations they held earlier in the pandemic, others are supported by remarkable businesses that could drive strong returns for their shareholders in the years ahead. And even though some of these stocks are starting make a comeback, it's not too late to invest in them as they recover.

With that said, Etsy (NASDAQ: ETSY) and Teladoc (NYSE: TDOC) are two growth stocks to consider adding to your portfolio before the month is out.

Source Fool.com

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