2 Super Growth Stocks Down 44% and 58% to Buy Now and Hold Forever
Legendary investor Shelby Davis famously stated, "You earn the majority of your money in a bear market; you just don't recognise it at the time."
This knowledge is particularly useful in the current situation. The S&P 500 and Nasdaq Composite have entered a bear market.
As a result, of economic uncertainty, and variables such as rising interest rates and geopolitical turmoil may exacerbate the situation in the near future.
While traders are concerned about factors beyond their control, patient investors have the opportunity to buy quality equities at a discount, which could result in large returns in the future.
MercadoLibre (NASDAQ: MELI) and CrowdStrike Holdings (NASDAQ: CRWD).
MercadoLibre (NASDAQ: MELI)
01.
Revenue increased by 60% to $8.8 billion, primarily due to strong growth in the fintech sector, and the company reported GAAP earnings of $4.73 per diluted share.
CrowdStrike Holdings (NASDAQ: CRWD)
02.
CrowdStrike's customer base has increased by 51% in the last year, and the average customer has increased their spending by more than 20%. Sales increased 61% to $1.8 billion as a result.