4 Growth Stocks Down 20% or More to Buy Right Now

The recent market sell-off has opened the door for some good buying opportunities in growth stocks. Let's look at four that investors can buy for the long term.Down just over 20% from its highs, Amazon (NASDAQ: AMZN) is trading at one of its lowest valuations in its history with a trailing price-to-earnings ratio (P/E) of around 34. That's despite the strong growth the company has shown, with revenue increasing by 10% last year while its adjusted earnings per share (EPS) soared 91%. The company's cloud computing business, Amazon Web Services (AWS), has been its biggest growth driver, as the company helps customers create and deploy their own artificial intelligence (AI) models and apps on its platform through the help of its Bedrock and SageMaker services. The company has also developed its own custom AI chips to improve performance and lower costs. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool