These 3 Growth Stocks Are Screaming Buys for 2023
Some growth stocks look incredibly compelling right now after the rout of 2022. Although the markets soured on most growth stocks amid rising inflation, interest rates, and fears of an economic slowdown, it could only be a matter of time before fundamentally strong stocks rebound as investors size up their potential and realize they deserve a better valuation.
Shopify (NYSE: SHOP), Salesforce (NYSE: CRM), and Nio (NYSE: NIO) are three such stocks that were battered but look like screaming buys right now for 2023.
2022 was a brutal year for Shopify. The e-commerce company invested aggressively in growth, but that burned its bottom line as expenditures rose while sales fell on higher inflation and lower consumer spending. Investors hit the panic button, and Shopify stock plunged 75% in 2022.
Source Fool.com
