Investors instead looked at the massive declines in stocks over the first four months of 2022 and concluded that even with some reasons for worry, the downturn had been too fast. Both Upstart Holdings (NASDAQ: UPST) and Global-e Online (NASDAQ: GLBE) were up quite strongly on the day, and shareholders seem to be having a change of heart after having been extremely negative on the high-growth companies ' prospects recently. Shares of Upstart Holdings jumped 23% on Tuesday.
The Nasdaq Composite index is down more than 25%, putting it solidly in bear market territory. This is an uncomfortable place for most investors to find themselves in. But for investors buying stocks with time horizons of three years or longer, it can also be a place for opportunity.
The Nasdaq-100 stock market index, which represents the technology sector, has officially entered a bear market. Three Motley Fool contributors think Tesla (NASDAQ: TSLA), PubMatic (NASDAQ: PUBM), and Upstart Holdings (NASDAQ: UPST) are oversold, and represent great long-term value at their current prices. Here's why investors might regret missing this chance to buy when they look back a few years from now.