These three beaten-down growth stocks are posting encouraging numbers that could spark a rebound in 2022.
Buying shares of great companies and holding them for a long time is an investment strategy that works. It's not easy to hold on during big drawdowns, like what's happening now with tech stocks, but it often pays off in the long run. Certainly, the best and fastest-growing companies deserve a premium valuation.
Shares of the e-commerce platform company Shopify (NYSE: SHOP) were sliding today, on seemingly no company-specific news. Instead, investors were likely continuing to fear that high inflation and interest rate hikes by the Federal Reserve could slow down the economy. Investors have grown increasingly concerned that the Fed won't be able to pull off a so-called soft landing for the economy as it raises the federal funds rate to tamp down inflation, which is running at a nearly 40-year high.