Investors rarely get the opportunity to buy attractive growth stocks at a discount. This happens, in part, because Wall Street traders push shares higher for these businesses on the expectation that strong sales gains will power impressive annual earnings. Fears of a looming recession can for a time push these stocks lower, with the rebound likely occurring around the time it becomes obvious that a new cyclical upturn has started.

But long-term investors don't have to wait for that clear sign of a new market surge before investing in great businesses. They can buy into these bounce-back stocks now and gain the full benefit when they do.

With that goal in mind, let's look at why Ulta Beauty (NASDAQ: ULTA) and (NASDAQ: CROX) stocks could be ready to rebound after having trailed the market through the first half of 2023.

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Source Fool.com