The stock market is a great long-term wealth-creating machine, but as investors have seen in 2022, market corrections can come unexpectedly. If you have at least five years to hold these stocks, the current market correction means that Amazon (NASDAQ: AMZN), Netflix (NASDAQ: NFLX), and Lululemon Athletica (NASDAQ: LULU) could be great picks right now. Here's why three Motley Fool contributors believe these stocks are poised to rebound over the next year.
Media streaming veteran Netflix (NASDAQ: NFLX) has seen a respectable recovery in recent months, powered by July's optimistic second-quarter report. Netflix shares are down 60% in 12 months, and shares are changing hands at the modest valuation of 22 times earnings. Netflix bears have zoomed in on the company's waning subscriber growth, which even turned negative in the last two reports -- on a quarter-by-quarter basis.
Netflix (NFLX) closed at $235.44 in the latest trading session, marking a -1.78% move from the prior day.