2 Growth Stocks to Buy and Hold Forever

It has been a terrible year for the stock market so far thanks to multiple headwinds ranging from geopolitical instability in Europe to rising interest rates to surging inflation. These factors (and others) have all contributed to the S&P 500 being down about 22% from highs set in January.

Growth stocks have been hit even harder, with a 36.7% slide in the tech-heavy Nasdaq-100 Technology Sector index that contains several fast-growing companies. With the S&P 500 entering bear market territory and analysts expecting the stock market to slide further, it won't be surprising to see stocks of fast-growing companies head lower. A market sell-off is worrying, but it can also help long-term investors buy shares of some solid companies on the cheap and set their portfolios up for long-term gains.

Apple (NASDAQ: AAPL) and Palo Alto Networks (NASDAQ: PANW) are two such potential growth plays that seem worth buying and holding for a long time following their steep declines in 2022. Let's see why.

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Source Fool.com