3 Beaten-Down Growth Stocks to Buy During the Tech Sell-Off
Investors have herded to value stocks and safer assets of late in response to rising interest rates, historically high inflation levels, and fears connected to the war between Russia and Ukraine. This transition has been bad news for high-growth companies, which have seen their stock prices plummet in recent months. But the stock market's slump has been influenced by sentiment rather than fundamentals: Many great companies now trade at bargain valuations despite enjoying strong financial profiles.
The market may continue to face downward pressure for the foreseeable future; however, that doesn't mean we should postpone buying stocks for the time being. In fact, the latest sell-off has created some favorable buying opportunities for those who are willing to ride out current short-term noise. Let's examine three promising growth stocks today that could generate fortunes for investors down the road.
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Source Fool.com
