If you're an investor with the risk tolerance to take positions in growth stocks, there are certainly an abundance of them trading discounted right now. However, it's important to focus on investments in companies with quality underlying businesses. A stock might be on sale for a good reason, but price alone doesn't tell you whether it's a wise long-term addition to your portfolio.
Today, we're going to look at two great businesses trading down that long-term investors should consider scooping up on the dip. If you have $1,000 to invest in stocks, you may want to put at least part of that toward these powerhouse growth stocks before the year is out.
It's hardly a secret that changes in consumer spending and headwinds posed by the current macro environment could easily impact a business like Etsy 's (NASDAQ: ETSY) . When consumers are tightening their wallets and reeling from the consequences of still-high inflation, discretionary purchases tend to be the first thing to go.
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Got $1,000? 2 Top Growth Stocks to Buy That Could Double Your Money