Got $1,000? 1 Growth Stock to Buy in 2023 and Hold Forever
High levels of inflation, rising interest rates, and concerns about weakening economic conditions this past year combined to create a challenging market backdrop for growth stocks. With macroeconomic pressures and the evaporation of pandemic-driven tailwinds, the valuations of many companies in the e-commerce space were particularly hard hit.
One positive aspect of this situation is that big sell-offs pushed the valuations for some top online retail players down to more attractive levels. Putting your money behind the right ones could have a big payoff over the long term.
If you've got $1,000 available to invest, you might want to consider putting it toward an underappreciated e-commerce stock that has some potential to be an even bigger winner than Amazon. Here's why.
Source Fool.com
