A brutal bear market may have put some investors off stocks. The emotional pain of seeing one's assets lose considerable value was undoubtedly too much for some investors to bear. Knowing this, investors may want to consider taking advantage of discounted prices in stocks such as MercadoLibre (NASDAQ: MELI), Zscaler (NASDAQ: ZS), Snowflake (NYSE: SNOW), and Shopify (NYSE: SHOP).
The growth opportunities in Palantir, Snowflake, and Shopify could expand more than a decade into the future.
Beaten-down growth stocks are rallying in the wake of the Federal Reserve's rate decision and more hopeful outlook on inflation.