2 Hypergrowth Stocks to Buy in 2022 and Beyond
After rallying last month, the U.S. stock market resumed its bear market trajectory in early September, with the S&P 500 index down 18%. Many fast-growing companies are suffering even worse drawdowns, with the Nasdaq 100 index down 27% and the closely followed Ark Innovation ETF down 53%. If you have cash on the sidelines and are building for retirement, now could be the perfect time to buy some of these fast-growing companies and hold for the long term.
Here are two hypergrowth stocks to consider buying in 2022 and holding for many years.
The first company is Revolve Group (NYSE: RVLV), an online apparel and fashion retailer. As an e-commerce-only company, Revolve -- along with its other brand Forward -- mastered marketing through social media, where its target audience (younger women) spends a lot of time. It signed deals with popular celebrities like Kendall Jenner and has a brand ambassador program where women with a popular social media presence can advertise Revolve's fashion items while earning referral fees.
Source Fool.com
