ZS - 2 No-Brainer Growth Stocks Down 31% and 54% to Buy Now and Hold Forever
2023-10-15 07:10:00 ET
The S&P 500 slipped 5% in September as Wall Street grappled with the growing probability that Fed policymakers will keep interest rates elevated for a prolonged period of time. The September backslide halted the momentum stocks had been building throughout the year, but smart investors know corrections are nothing more than buying opportunities.
With that in mind, shares of Amazon (NASDAQ: AMZN) and Zscaler (NASDAQ: ZS) have slipped 31% and 53% from their all-time highs, respectively. But the underlying investment theses remain intact, and both stocks look quite attractive at their current valuations.
Here's what investors should know.
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2 No-Brainer Growth Stocks Down 31% and 54% to Buy Now and Hold Forever