There is a stark difference between broken stocks -- where a company's stock is plummeting but the business is still thriving -- and struggling businesses. Struggling businesses where the share price is down significantly might not be buying opportunities, considering the company's fundamental concerns.

Twilio (TWLO 1.74%) and Roku (ROKU -0.35%) look like they are approaching the latter. Motley Fool Contributor, Jamie, breaks down the bear cases for these two companies and explains why, although they are still a part of his portfolio, he will be watching them closely in 2023. If you liked this episode, leave a like and consider subscribing.

*Stock prices used were the after-market prices of Dec. 7, 2022. The video was published on Dec. 8, 2022.