2 Growth Stocks Down 62% to 77% That Could Double In 5 Years
The S&P 500 has lost 16% of its value in the past year. Investors have hit the panic button amid surging inflation, rising interest rates, macroeconomic headwinds, and the probability of a recession. But it is worth noting that the stock market has been a good place to park one's funds over the long run.
Picking the right stocks can help investors beat inflation and grow their wealth in the long run, as evident from the average returns that the stock market has generated over the years. That's why savvy investors should consider buying beaten-down stocks with healthy long-term potential on the cheap right now, as such a move could supercharge their portfolios in the long run.
Cloudflare (NYSE: NET) and Twilio (NYSE: TWLO) are two such names that have been battered big time on the market in the past year, losing 62% and 77% of their values, respectively. However, both companies operate in fast-growing niches that should help them sustain their impressive growth rates. What's more, it won't be surprising to see shares of Cloudflare and Twilio double in the next five years. Let's see why that may be the case.
Source Fool.com
