TRUP - This Red-Hot Growth Stock Is Ready to Roar in 2023 and Beyond
In an effort to curb inflation, the Federal Reserve just announced its final interest rate hike of 2022: 50 basis points, or half a percentage point. With more investors worried that the Federal Reserve won't be able to avoid a recession in its quest to tame inflation, markets have had a downright awful year.
The Nasdaq Composite has plunged 29% year to date. And shares of the pet health insurer Trupanion (NASDAQ: TRUP) have fared even worse, nosediving 59% so far in 2022. But the good news for investors who are able to look beyond the near horizon is that a bear market is always eventually replaced by a bull market .
Here's why Trupanion's bear market troubles could be a great buying opportunity.
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This Red-Hot Growth Stock Is Ready to Roar in 2023 and Beyond