3 Beaten-Down Growth Stocks to Buy Before a Big Market Rally
It's an understatement to say the market has fallen out of love with growth stocks. Since the Federal Reserve indicated it would begin raising interest rates, growth stocks have dived. Higher interest rates lower the present value of future cash flows, reducing what investors are willing to pay for growth stocks.
Netflix (NASDAQ: NFLX), Airbnb (NASDAQ: ABNB), and Roblox (NYSE: RBLX) have not been spared from the shellacking. Each has seen its share price fall considerably off its high-water marks. Still, underlying the stocks are solid businesses that could improve over time. Here's why it's an excellent time to buy these beaten-down growth stocks before a market rally.
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Source Fool.com
