As of this writing, the S&P 500 is 14% below its all-time high. Nobody likes losing money, myself included. And periods like now can have a sobering effect on investors, motivating more selectivity and scrutiny when picking individual stocks.

For this reason, coming up with a list of three stocks is much harder for me now than when the bull market was raging a couple of years ago. But hopefully this leads to better long-term investment ideas. In this article, I'll share why I believe there's long-term upside for short-term rental platform Airbnb (NASDAQ: ABNB), apparel retailer Boot Barn (NYSE: BOOT), and software company UiPath (NYSE: PATH).

Since Airbnb went public in late 2020, I've liked almost everything about the business except for its valuation. Today, I still like the business. But its valuation in 2023 has been its most attractive so far, increasing its chances of running higher from here.

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Source Fool.com