2 Once-in-a-Decade Buying Opportunities in a Nasdaq Bear Market
Economic uncertainty sent the Nasdaq Composite spiraling into a bear market this year, and many excellent growth stocks fell sharply during the stock market meltdown. For instance, Microsoft (NASDAQ: MSFT) and MercadoLibre (NASDAQ: MELI) saw their share prices plunge 28.2% and 24.3%, respectively, in 2022. But there is a silver lining for long-term investors.
Shares of Microsoft and MercadoLibre have fallen more sharply during the current bear market than at any other point in the past 10 years, creating a once-in-a-decade buying opportunity. More importantly, both companies are well-positioned to create value for shareholders in the coming years.
Here's why.
Source Fool.com