2 Explosive Growth Stocks to Buy in 2022 and Beyond
With the year nearly over, it would be an understatement to say that 2022 wasn't a great year for growth stocks. Spurred by inflation, rising interest rates, and other macroeconomic pressures, the tech-heavy Nasdaq Composite index remains in a bear market and has fallen roughly 32% in this year's trading. Many growth-dependent companies have seen even bigger pullbacks across the stretch.
But as psychologist and behavioral finance expert Daniel Crosby writes in his book, The Laws of Wealth, "Trouble is opportunity." With investors having broadly fled from growth stocks this year, there are great companies operating in promising service categories that have seen their valuations pushed down to levels that set the stage for explosive long-term upside.
With that in mind, here's why Cloudflare (NYSE: NET) and Mitek Systems (NASDAQ: MITK) are two stocks that could deliver huge wins for investors.
Source Fool.com
