- Though broad market slumps test investors’ faith, history indicates it’s an ideal time to buy.
- These lucrative growth stocks seem to have what it takes to earn patient investors enormous returns.
Several growth stocks appear impressive as the Nasdaq tumble. Here are some innovative firms you may regret not purchasing during the dips.
Block, formerly Square, is one of the attractive firms that investors can invest in amidst current Nasdaq bears markets. While crypto weakness might damage BTC’s short-term trading revenue, intensified inflation remains an ugly update for low-income earners. Meanwhile, Block boasts multiple catalysts suggesting an impressive growth in the future.
The company has relied on its seller ecosystem (the Square ecosystem) for over a decade. This segment provides businesses with loans, analytics, and point-of-scale resolutions, improving success rates. In 2021, the Square ecosystem processed $6.5B in GPV (gross payment volume). However, the GPV of $39.5 billion during 2021 Q1 shows the Square ecosystem on the road towards $158B in yearly GPV.
Also, Block is a P2P Payment Cash App. The payment platform has seen monthly transacting customers increasing to 44 million from 7 million between 2017 and 2021. Meanwhile, the latest acquisition of the buy now & pay later firm Afterpay shows Block’s capability to develop a closed-loop transaction platform within the Square ecosystem.
The hosting company Airbnb proves a lucrative growth stock buy amidst the current Nasdaq bear market. Airbnb boasts an ‘industry disruptor’ even with escalating inflation and recession fears. First and foremost, Airbnb is a renowned substitute for traditional hotels. The Airbnb industry offers multiple choices, with properties often offering lower charges and increased privacy than hotels near or in major cities. In 2016, the platform recorded 52 million experiences and nights booked. The marketplace doubled this number in 2022 Q1, hitting 102.1M experiences and nights booked.
The best thing about Airbnb is it sees the fastest growth in long-term stays. These are bookings of more than 28 days. Workforces have become more mobile since the pandemic arrived. Remote workers appear to be the company’s key to sustained growth in its hosting business.
Moreover, Airbnb eyes a large share of the $8T travel sector pie. The company’s experiences segment works with local experts for adventure deals. The platform will likely acquire more clients while retaining those who have experienced its services.
Other growth stocks worth dip-buying during the ongoing Nasdaq bear market include Intuitive Surgical (ISRG) and Upstart Holdings (UPST).