Many growth stocks have fallen sharply amid the Nasdaq Composite bear market , but some have been hit harder than others. Notably, Microsoft (NASDAQ: MSFT) and MercadoLibre (NASDAQ: MELI) have seen their share prices plummet 30% and 48%, respectively, marking the sharpest decline either stock has suffered in the past 10 years. But investors can put a positive spin on the drawdown by viewing it as a once-in-a-decade buying opportunity.
Here's why these growth stocks are worth buying today.
Microsoft is best known for its office productivity software. In fact, Microsoft 365 -- which includes applications like Word, PowerPoint, and Excel -- is the most popular enterprise application suite of any kind. But the company also has a strong presence in other software end markets. For instance, its Dynamics platform includes tools for business intelligence, low-code application development, and enterprise resource planning (ERP), and research company Gartner has recognized Microsoft as a leader in each category.
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2 Phenomenal Growth Stocks That Are Once-in-a-Decade Buys in a Nasdaq Bear Market