5 Beaten-Down Growth Stocks That Can Soar in 2023
In less than two weeks, the curtain will close on what'll undoubtedly go down as one of the most difficult years on record for investors. Although all three of the major U.S. stock indexes have been entrenched in respective bear markets in 2022, it's the growth-focused Nasdaq Composite that fared the worst. From peak to trough, the Nasdaq has lost as much as 38% of its value since hitting its closing high in November 2021.
But when there's pain on Wall Street, there's the potential for long-term investors to snag high-quality stocks at a discount. With growth stocks taking it on the chin in 2022, fast-paced companies could represent one of the most intriguing buying opportunities in the new year. What follows are five beaten-down growth stocks that can soar in 2023.
Image source: Getty Images.
Source Fool.com
