The ongoing sell-off in the equity market offers investors multiple opportunities to purchase growth stocks at a lower valuation. The threat of multiple interest-rate hikes coupled with macro-economic headwinds and the steep valuations surrounding growth companies have driven stock prices to multi-year lows, allowing you to buy the dip.
Retail stocks such as Crocs (CROX) and Allbirds (BIRD) are currently trading 46% and 63% below all-time highs, respectively. Currently, Crocs is valued at a market cap of $6 billion and Allbirds is valued at $1.89 billion.
