The tech-heavy Nasdaq Index is officially in correction territory. The index has fallen nearly 12% from its highs at the time of this writing after many high-growth tech stocks have been hammered the past three months. Most of this fall in the index has been in 2022 -- the Nasdaq has fallen almost 10% year to date.
For long-term investors with a five-year time horizon, declines like these can be great opportunities to buy stocks at a discount. Global-e Online (NASDAQ: GLBE) and DigitalOcean (NYSE: DOCN) , for example, are all down 30% or more since the start of 2022 and 55% or more off their all-time highs. However, these are still high-quality stocks that could see major growth over the next five years, and I think today's prices provide a good buying opportunity for long-term investors.
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2 Stocks to Buy for a Market Sell-Off