Here's why these two growth stocks could be worth considering now, despite their recent falls in stock price. Despite being one of the most influential and powerful companies in the world, Amazon stock is now nearly 12% lower today than it was two years ago and is down over 42% from its all-time high. Amazon is facing slower growth, inconsistent cash flow, and questionable profitability as it stays true to its old strategy of reinvesting in its business as much as possible.
Investors have herded to value stocks and safer assets of late in response to rising interest rates, historically high inflation levels, and fears connected to the war between Russia and Ukraine. The market may continue to face downward pressure for the foreseeable future; however, that doesn't mean we should postpone buying stocks for the time being. Let's examine three promising growth stocks today that could generate fortunes for investors down the road.
Shopify (NYSE: SHOP) has been, and continues to be, one of the greatest enablers of e-commerce. In this clip from "The Rank" on Motley Fool Live, recorded on May 2, Motley Fool contributor Danny Vena discusses the trajectory of the e-commerce company and why it could be a great long-term investment. Danny Vena: One of the things that has always been attractive to me is the fact that Shopify started out as being the company where, if you wanted to build a website and you just didn't have the technical expertise to do that, you could go to Shopify, you could get a template.