OKTA - 3 Spring-Loaded Stocks Ready to Soar When the Bear Market Ends
2022 has been rough. The bear market is obliterating stocks, even those of quality companies that will be just fine if fears of a looming recession come to fruition. Many investors are hyperfocused on conserving cash, leaving opportunities for those with a longer-term focus.
If you fall into the latter camp and are looking for some deals, a number of depressed stocks could be poised to soar once the bear decides to go back into hibernation. Three Fool.com contributors think Amazon (NASDAQ: AMZN) , SVB Financial Group (NASDAQ: SIVB) , and Okta (NASDAQ: OKTA) fit this bill. Here's why.
Billy Duberstein (Amazon): If we're talking about stocks "spring-loaded" for a rebound, not only has Amazon.com sold off in 2022, but the stock actually hasn't done much for the last two-plus years after an initial spike following the pandemic outbreak. But given Amazon's relentless investments in growth and innovation, investors can be comforted by the fact that Amazon never stays down for long.
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3 Spring-Loaded Stocks Ready to Soar When the Bear Market Ends