2 Growth Stocks Down 17% to 51% That Are Impeccable Long-Term Buys
So far in 2023, the market spotlight has been on interest rates, recession possibility, artificial intelligence (AI), and the federal debt ceiling. The Federal Reserve has hiked rates at the fastest pace in 40 years, and inflation is dropping, although it's still well above the Fed's benchmark. The hikes threaten to send the resilient economy into recession.
On the other hand, it looks like the government has come to a debt-limit agreement, and AI enthusiasm has stocks like Nvidia (NASDAQ: NVDA) flying (up over 150% this year).
Amid the consternation and hype, companies like Airbnb (NASDAQ: ABNB) and Tecnoglass (NYSE: TGLS) are flying under the radar despite spectacular recent results. This means an opportunity for tenacious investors.
Source Fool.com
