Unless you were a short-seller or had a sizable percentage of your investment portfolio tied up in energy stocks last year, there’s a good chance you fell victim to the worst returns in the major U.S. stock indexes since 2008.
Although all three major indexes entered a bear market last year, it was the Nasdaq Composite (^IXIC 2.66%), with its focus on growth stocks, that really took it on the chin. The Nasdaq shed 33% of its value in 2022 and lost as much as 38% on a peak-to-trough basis following its November 2021 high.
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While bear markets are known to test the resolve of investors, they’re also historically a smart time to put your money to work. Since every bear market throughout history has eventually been tossed aside by a bull market, buying high-quality businesses at a discount can make a lot of sense.
What follows are five astonishing growth stocks ripe for the…
