CFLT - 1 Growth Stock Down 76% You'll Wish You'd Bought on the Dip
It's no secret the stock market is having a tough year. The Nasdaq 100 index, which is home to some of the largest technology stocks in the world, has declined by 35% in 2022, placing it firmly in bear market territory.
Consumers have far less spending power at the moment on account of soaring inflation and rising interest rates, which is hitting the financial results of the corporate sector. But some companies that serve other businesses are outperforming.
Confluent (NASDAQ: CFLT) is one of them. Its third-quarter results beat its previous guidance on the top and bottom lines, and there are signs its run of success could continue.
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1 Growth Stock Down 76% You'll Wish You'd Bought on the Dip