Famous value investor Benjamin Graham once said, "In the short run, the market is a voting machine, but in the long run it is a weighing machine."

His words are a reminder that stocks can fall for all kinds of reasons, but stocks ultimately follow the performance of the business. Holding shares of growing companies is the simplest path to building wealth.

Many growth stocks are trading well off their highs in 2023. Lower consumer spending is putting downward pressure on valuations of certain companies. But that's to the advantage of the long-term investor. Let's look at two beaten-down stocks that could earn stellar returns off these lower share prices.

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Source Fool.com