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Stock impact report

2 No-Brainer Hypergrowth Stocks to Buy During This Nasdaq Market Correction [Yahoo! Finance]

Coupang, Inc. Class A (CPNG) 
Company Research Source: Yahoo! Finance
That seems to be what happened in the last few weeks with the Nasdaq-100 Index , which has sharply fallen into a 13.2% correction with many stocks down 20%, 30%, or more. The volatility of modern markets means you need to be prepared in advance for stocks to buy when animal spirits turn depressive. Bear markets are the best time to buy hypergrowth stocks because they provide an opportunity to buy stocks typically valued at a premium valuation on the cheap. Here are two cheap hypergrowth stocks to buy during this stock market correction. 1. Remitly: Market share taker in remittances First up is Remitly (NASDAQ: RELY) , a Nasdaq stock with a 27% drawdown. The company is disrupting the remittance market with its easy-to-use mobile application and lower fees than stodgy legacy players like Western Union Last quarter, Remitly's revenue grew 33% year over year to $352 million. This was driven by a 32% growth in active customers to 7.8 million and a 39% growth in send volume to $15 Show less Read more
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