The stock market took a dive on Thursday after the Federal Reserve raised interest rates and retail sales figures missed expectations. Recession fears are ramping up, and even the prospect of a shift to smaller rate hikes wasn't enough to quell those concerns.

There's no telling what the stock market is going to do as 2022 comes to a close. Regardless, it's always a good idea for investors to have a watchlist of stocks that they're interested in buying at lower prices ready to go, because those lower prices can come at any time. For me, I'm keeping an eye on DigitalOcean (NYSE: DOCN) and Micron Technology (NASDAQ: MU).

Shares of cloud computing provider DigitalOcean have always been a little too expensive for me to seriously consider. There's a lot to like about the company, but there are significant risks as well.

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Source Fool.com