This year has served as a not-so-pleasant reminder that stocks don't move up in a straight line -- even if last year made the investment community believe that's what happened. A combination of historically high inflation, an incredibly hawkish Federal Reserve, and back-to-back quarters of gross domestic product declines has sent all three major U.S. indexes plunging into a bear market.

While bear markets can be scary and produce some jaw-dropping volatility, they're also known for creating once-in-a-generation buying opportunities for long-term investors. Throughout history, every double-digit stock market decline has eventually been erased by a bull-market rally.

Since all of the major indexes have plunged between 20% and 34%, the valuations of innovative growth stocks have become especially attractive. What follows are four trailblazing growth stocks with the capacity to turn a $100,000 initial investment into $1 million by 2040.

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Source Fool.com