The S&P 500 index is down by roughly 19% over the last year. Meanwhile, the Nasdaq Composite has slumped by 34%, and the Dow Jones Industrial Average is down approximately 9%. Those broad sell-offs mean that stocks with winning performances in 2022 are few and far between, but the turbulence also means that investors have the chance to build positions in companies with market-crushing potential at big discounts. 

With that in mind, two fool.com contributors have identified these stocks as smart buys in the wake of their eye-catching valuation pullbacks.

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Source Fool.com