A good method to search for investment ideas is to look at the list of stocks hitting their 52-week lows.
Some stocks may be justifiably sold down as their business is under pressure.
But for others, it may be because investors are throwing out the baby along with the bathwater.
Growth stocks have taken a hit in recent months as the US Federal Reserve raises interest rates and the US suffers from the highest inflation in four decades.
Investors need to sift out the wheat from the chaff as numerous stocks have been sold down due to the bearish sentiment.
Here are five growth stocks that have skidded to their year low and may qualify to be on your buy watchlist.
Sea Limited (NYSE: SE)
Sea Limited is a technology company with three arms – gaming (under Garena), e-commerce (under Shopee), and digital financial services (SeaMoney).
The company’s share price hit a one-year low of US$52.40 recently...