2 Top Stocks Down 55% to 73% to Buy Hand-Over-Fist
The first half of 2022 left no company unharmed. The Nasdaq Composite index is down a staggering 29.6% so far in 2022, with many individual stocks falling much more than that.
While some investors are starting to think about the back half of the year, long-term investors keep their eyes focused a bit farther out: the next five years or longer. If you're going bargain hunting right now and looking to buy stocks for the rest of 2022 and beyond, Adyen (OTC: ADYE.Y) and Global-E Online (NASDAQ: GLBE) -- which are 55% and 73% off their all-time highs, respectively -- look like potentially great choices.
Adyen is a Netherlands-based digital payments processor. Many people likely have not heard of it, but they certainly know some of the company's customers: Microsoft, McDonald's, and Spotify. The company processed over 516 billion euros in 2021, 70% higher versus 2020. Adyen makes money on the transaction-based activity it facilitates, so if consumer purchase activity slows, the company will see less revenue. Because of this, worries about a recession in the U.S. and parts of Europe have fueled a 44% drop in the company's stock in 2022.
Source Fool.com
