3 Bold Growth Stocks to Buy Hand Over Fist In This Bear Market
With the year wrapping up and the holiday season upon us, some investors might be looking for a little holiday cheer after a challenging year for the stock market. With many growth stocks trading far from their peaks, that cheer might come from the significant opportunities for bold long-term investors in 2023 and beyond.
Not every stock that collapsed in 2022 will rebound to its former high, but strong fundamentals should offer some solid clues about where to look. As 2022 wraps up, three Fool contributors put their heads together to point you in the right direction. Roku (NASDAQ: ROKU), DigitalOcean Holdings (NYSE: DOCN), and Roblox (NYSE: RBLX) all show solid signs of a potential rebound. Here's what you need to know about these three stocks to buy in a bear market.
Justin Pope (Roku): Roku gained some attention over the past few years as the era of streaming got underway. It used to be known for selling devices that allowed TVs access to streaming services. But the streaming platform now gets more attention for its streaming services than its devices. The stock was popular during COVID-19 as streaming came into its own, but it got crushed during this bear market as pandemic worries eased. Shares are down a whopping 88% from their high, leaving investors wondering if Roku is a bust as a stock.
Source Fool.com