It's tough to be a growth investor right now. The NASDAQ Composite Index has fallen into a bear market while the Federal Reserve is caught between a rock and hard place, trying to rein in inflation while avoiding a full-blown recession. Although stock prices have fallen across the board, it's important not to panic. Rather, you should view this as an opportunity to scoop up shares of strong companies on the cheap.

Of course, buyers need to be discerning and select businesses with attractive attributes that will enable them to not just weather a downturn, but also continue to do well thereafter. The characteristics I look for include a strong, well-recognized brand, a track record of convincing growth, catalysts in place to propel further growth, and a management team with strategic plans to expand the business.

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Source Fool.com