Investing in a 2023 Bear Market: 2 Smart Stocks to Buy
While there's no denying the ongoing market volatility has disrupted investors' portfolios and mindsets, this bear market also presents many intriguing buying opportunities for those with a long-term outlook. If you have the cash on hand and are comfortable buying in such a market environment, excellent companies with strong businesses that can drive prolonged growth are still ripe for the taking.
The volatility so far in 2023 has generally been to the upside, perhaps signaling that stocks are turning a corner. But concerns about a fallback to an all-out bear market remain. In such uncertainty, opportunities arise. Here are two smart stocks to consider buying in the current market with the understanding that they are long-term investments that should do well, regardless if the next market is bear or bull.
Airbnb (NASDAQ: ABNB) is coming off of a remarkable year of growth. 2022 witnessed the ongoing travel industry recovery, as well as other sources of consumer spending that this online marketplace for short-term homestays and experiences continues to tap into. This recovery ended in numerous new financial metric highs, including revenue growth and profitability.
Source Fool.com
