This year hasn't been fun for growth stock investors, many of whom have seen their portfolios drop by double digits in 2022. But with the Nasdaq Composite down 28% year to date, now might be a great time to shop for deals in a beaten-down market. Let's explore why Global-e Online (NASDAQ: GLBE) and Farfetch (NYSE: FTCH) could make top buys. 

Founded in 2013 and going public in 2021, Global-e Online is an e-commerce infrastructure platform designed to enable and accelerate cross-border digital sales and fulfillment. Its unique business model and massive market opportunity position it for long-term success. 

According to data aggregation site Statista, the global e-commerce market is expected to expand at a compound annual growth rate (CAGR) of 12.24% to $6.43 trillion by 2027. While most of this growth will be dominated by third-party marketplaces such as Amazon, lesser-known companies like Global-e will also benefit by breaking down the geographic barriers between specific markets. 

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Source Fool.com