2 Explosive Growth Stocks to Buy Right Now

Conditions in the stock market now are just plain nasty. Growth investors, who have benefited from more than a decade of ultra-aggressive loose-money fiscal policies dating back to the Great Recession, are feeling the hangover that happens when the Federal Reserve finally takes the punch bowl away. It was a heck of a party, but plenty of investors believe the lights are being turned on and it’s time to go home.

Of course, the best time to buy stocks is when folks seem to think the party’s over. There’s a reason why many savvy investors are getting excited right now.

Image source: Getty Images.

That said, there’s probably something to the market’s current “bearish” line of thinking. It’s unclear how rapidly the Fed will need to move as it tightens the money supply and raises interest rates in its effort to get inflation back in check. And for many investors, particularly younger ones, this may be the first time they’ve experienced this type of painful and extended market plunge. Thus, it’s unclear how the collective psyche of the market will handle the stress.

However, as a long-term investor, the marketwide sell-off we’ve seen thus far in 2022 also presents opportunities. Plenty of great companies are trading at lower valuations than they’ve touched in some time. Many growth stocks with strong fundamentals are getting punished nearly as badly as their more risky peers.

Here are two companies I consider to be among the greatest buying opportunities in this down market.

The case for buying Pinterest

A true pandemic winner, Pinterest (PINS 6.50%) saw what most investors would characterize as explosive growth over a short period of time. With lockdowns came a surge in social media interest, a rising tide that lifted all online boats to a great degree.

Pinterest stock went from trading around the $20 level for much of 2019 and 2020 to more than $80 per share at its peak. As of Tuesday, it’s right back to that $20 level. 

This move intrigues me because the market has essentially…

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