This year, the S&P 500 dropped into its 22nd bear market of the last century, and the broad-based index is currently 18% off its high. That downturn has erased trillions of dollars, but it has also created some fantastic buying opportunities for patient investors.
Bear markets come in different shapes and sizes, but they have all ended the same way: a bull market rally. That means the next bull market is almost certainly on its way. In the meantime, must-own growth stocks Cloudflare (NYSE: NET) and MercadoLibre (NASDAQ: MELI) are trading at attractive valuations, and investors should jump on that buying opportunity.
Software, cloud services, and websites must be fast, reliable, and secure to ensure a good user experience. Cloudflare makes that possible. Its global cloud platform accelerates and protects business-critical applications and networks while enabling customers to forgo complicated and costly on-premise hardware.
For further details see:
A Bull Market Is Coming: 2 Must-Own Growth Stocks to Buy Before 2023