A Bull Market Is Coming: 1 Growth Stock Down 61% to Buy and Hold Forever
Inflation, rising interest rates, geopolitical developments, and concerns about the near-term economic outlook have combined to create broad-based selling pressures for growth stocks. Many strong companies with tremendous long-term expansion potential have suffered big valuation pullbacks in conjunction with this trend. That's a dynamic that investors can use to their advantage.
While it's impossible to say when exactly the next bull-market phase will begin, putting your money behind the best of today's beaten-down growth stocks and holding for the long term could be a path to life-changing returns. With that in mind, read on for a look at one top stock trading down 61% from its peak that I believe is on track to be a massive long-term winner.
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Source Fool.com
