PYPL - 2 Growth Stocks Down 38% or More to Buy and Hold For 10 Years
2023-04-08 09:07:00 ET
Equities are doing better this year than in 2022 -- at least, so far. However, the stock market's gains haven't been nearly enough to completely recoup the losses of the most recent bear market. That means investors can still find plenty of quality growth stocks that are down massively over the past 12 months and look like great buys given their long-term prospects.
Let's consider two examples: Fiverr (NYSE: FVRR) and PayPal (NASDAQ: PYPL) .
Fiverr runs an online platform that helps connect freelancers and businesses. It became a publicly traded company in June 2019, which turned out to be impeccable timing. The coronavirus pandemic officially started some nine months later, leading to a boom in the gig economy and PayPal's share price soaring.
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2 Growth Stocks Down 38% or More to Buy and Hold For 10 Years