The pandemic set in motion an accelerated digital transformation, motivating many businesses to build online shops and shift resources to the cloud. At the same time, many consumers turned to digital channels for shopping and entertainment. Those trends supercharged sales growth for many companies, but few have kept pace with Sea Limited (NYSE: SE) and Snowflake (NYSE: SNOW) over the last two years.
However, both companies have seen their stock prices fall more than 60% from their highs, dragged down by the looming possibility of a recession. Fortunately, that creates a buying opportunity for patient investors.
Here's what you should know.
For further details see:
Buy the Dip: 2 of the Fastest-Growing Stocks on the Planet