1 Growth Stock Down 20% to Buy Right Now

The current market turmoil has hurt many stocks, but growth players have had a particularly difficult time. This is because these companies rely on a solid economic environment to expand their businesses and lift earnings -- and these days, investors are uncertain about what lies ahead.The reason for the market instability? Investors earlier in the year hoped for an improving economy and ongoing interest rate cuts, but President Donald Trump's announcement of tariffs on imports threatened such a scenario. The concern is that the tariffs will increase prices, weighing on both corporate earnings and the overall economy. This past week, Federal Reserve Chairman Jerome Powell said the duties could push inflation higher and might "move us further away from our goals."All of this has driven investors away from stocks that are most sensitive to economic growth, with the idea that they might suffer the most in the months to come. But this has also left many of these players trading at bargain levels -- and that signals buying opportunities for long-term investors. Let's check out one growth stock down 20% so far this year that should be on your buy list.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool