GLBE - 2 Unstoppable Growth Stocks Down 55% and 75% to Buy and Hold
In the early days of the pandemic, the broader market fell sharply in a matter of weeks, then promptly rebounded to deliver impressive returns in 2020 and 2021. In fact, the S&P 500 actually closed at a new high on 70 different occasions last year, a figure not seen since 1995. Unfortunately, that frenzied atmosphere came alongside business closures and supply chain disruptions that caused an uptick in inflation.
In response, the Federal Reserve is expected to raise interest rates three or four times in 2022, a move that makes it more difficult for companies to fund growth with debt. Not surprisingly, investors have rotated out of growth stocks. For instance, shares of Fiverr International (NYSE: FVRR) and Global-e Online (NASDAQ: GLBE) currently trade 75% and 55%, respectively, below their all-time highs. That creates a buying opportunity for long-term investors.
Here's why.
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2 Unstoppable Growth Stocks Down 55% and 75% to Buy and Hold