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These 3 Stocks Have Underperformed the Market This Year. Is Now the Time to Buy?

·5 min read
These 3 Stocks Have Underperformed the Market This Year. Is Now the Time to Buy?
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This year has been a trying time for growth investors, as a wide swath of growth stocks has taken a sharp tumble. The Nasdaq Composite Index is down nearly 28% year to date, plunging the bellwether technology stock index into its second bear market since 2020. While the Federal Reserve's recent interest rate hike of 0.5% -- the sharpest increase in the last 22 years -- was the immediate trigger, the four-decade high inflation and the monthslong global supply-chain issues have been the real culprits behind the slowing economy.