2 Unstoppable Stocks That Could Make a Comeback in 2023
Even though some stocks have had a bad 2022, it doesn't mean the businesses behind them have. If you completely forget about share prices and examine only improved financials and market-share gains, it's evident that some companies are pretty much unstoppable.
Two I would list are Adobe (NASDAQ: ADBE) and MercadoLibre (NASDAQ: MELI). While their stocks are down 40% (Adobe) and 34% (MercadoLibre) year to date, both are valued below their historical valuation levels. Additionally, each has grown revenue this year. This sets the stage for a massive 2023, and I think investors should consider picking up these stocks before 2022 is over.
Adobe's digital design suite is the industry standard in multiple disciplines. However, one area it wasn't excelling at was its collaborative features. That's why the company went out and bought Figma for $20 billion in September. While the price tag was expensive (about 50 times Figma's sales), the collaborative technology it acquired will be crucial in the next iteration of Adobe's products.
Source Fool.com