3 Beaten-Down Growth Stocks to Buy Now and Hold Forever

The stock market might not look so attractive right now, with the S&P 500 down 18% so far this year. But even good businesses with strong fundamentals experience ups and downs. It doesn't mean these stocks should be abandoned. History tells us a distressed market creates investment opportunities. And growth stocks usually need time to show their full potential. With a little bit of patience, even a small investment can turn into a fortune.

I believe healthcare stocks Teladoc Health (NYSE: TDOC) and Exelixis (NASDAQ: EXEL) and rising cannabis company Trulieve Cannabis (OTC: TCNNF) have tremendous potential in the long run. Let's dig into why these three beaten-down growth stocks are good buy-and-hold investments.

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Source Fool.com