Sea Limited's stock has great prospects, but investors should not neglect the potential downsides.
Over the past several months, rising interest rates have caused many investors to reduce their exposure to higher-growth tech stocks. At the beginning of the year, I also sold a few of my weaker growth stocks -- including Snap, Pinterest, Palantir, and Bumble -- to raise more cash. Here are two high-growth stocks I still increased my exposure to, even as rising interest rates created a hostile market for the entire cohort.
In case you hadn't noticed yet, the stock market kind of curled up in a ball and died today. Of particular interest to growth investors today is the fact that some of the fastest growing e-commerce stocks in the world are going on sale, with shares of MercadoLibre (NASDAQ: MELI) down 8.6%, Shopify (NYSE: SHOP) falling 10%, and Sea Limited (NYSE: SE) leading the pack lower with a 12.3% loss. As it turns out, Shopify is the only one of the three with any obvious news on the wires, and even that news isn't too awfully bad.