4 Growth Stocks Down 5% to 70% to Buy Now

By Neil Rozenbaum – Nov 2, 2022 at 1:00PM

NASDAQ: AMZN

Amazon

Market Cap

$1,843B

Today's Change

(1.49%) $2.60

Current Price

$177.23

Price as of April 22, 2024, 4:00 p.m. ET

Short-term pain for long-term gains.

In this video, I will be talking about the three growth stocks I added to my portfolio this week despite high inflation. Amazon (AMZN 1.49%), is down 43% year to date and has plunged recently after reporting weaker-than-expected earnings outlook. The other three are down 5% and 70%, respectively.

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*Stock prices used were the closing prices of Nov. 1, 2022. The video was published on Nov. 2, 2022.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Neil Rozenbaum has positions in Amazon, Meta Platforms, Inc., and Tesla. The Motley Fool has positions in and recommends Amazon, Meta Platforms, Inc., and Tesla. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.