The stock market is off to a decent start in 2023, with the S&P 500 up by about 4% with about a week left in January -- not a stellar performance but a welcome change from last year. However, some of the hardest-hit stocks in 2022 are rebounding very strongly.

Here are three stocks that have already gained more than 25% this year. And despite the gains, all three could still be excellent long-term investments.

Block (NYSE: SQ), formerly known as Square, dramatically underperformed the market in 2022, for a few reasons. For one thing, its business is largely dependent on consumer spending, and with a recession looming, growth could become difficult. There are also credit risk fears surrounding the (expensive) Afterpay acquisition, as well as the cooling off in Bitcoin prices, both significant revenue drivers for Cash App.

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Source Fool.com