As they enter the final quarter of calendar year 2022, many investors are probably wondering when the sell-off will end. This year has tested the patience of even the most experienced investors as the tech-heavy Nasdaq Composite is down over 30% from its all-time high while the S&P 500 remains down over 20%.
Fast-growing companies had high-flying stocks last year, but the tide turned against them in 2022. That made no-brainer buys out of these disruptors.
Roku (NASDAQ: ROKU) and Shopify (NYSE: SHOP) were huge pandemic favorites during 2020 and early 2021. Investors were optimistic about Roku's position within the connected TV market, and Shopify was putting up fantastic earnings results as it powered a growing number of e-commerce sites. With slowing growth, increasing competition, and the current bear market, both Roku and Shopify have been down over 80% in the past year.