These 3 No-Brainer Growth Stocks Look Good for 2023
With the stock market recently down more than 20% from its 52-week high, qualifying as a bear market, smart investors know that such circumstances tend to offer many terrific investment opportunities in the form of great companies with their stocks on sale.
Here are three such companies to consider for your long-term portfolio. It's important that it's your long-term portfolio because the stock market is especially unpredictable in the short term; even great stocks can fall further over the coming year, for example. But over the long run, undervalued great stocks tend to do well.
Let's start with Microsoft (NASDAQ: MSFT), a very familiar name with a stock price that was recently off 29% from its 52-week high. That alone doesn't necessarily mean it's a bargain now, but when you see that its recent price-to-earnings (P/E) ratio is 26, well below its five-year average of 36, with similar other valuation metrics, then it does look rather attractively priced.
Source Fool.com
