Instead, get excited -- a bear market is a great time to buy great stocks -- including hyper-growth names like Sea Limited (NYSE: SE) and Pinduoduo (NASDAQ: PDD). In the third quarter, it reported 731 million active buyers (customers who made at least one purchase in the last 12 months).
Identifying them is not always a simple task, but businesses that successfully position themselves to ride such tailwinds can enjoy long stretches of growth in both revenue and net income. Acting as an effective middleman between merchants and consumers is PayPal (NASDAQ: PYPL).
Rather, it's an all-out battle between momentum-focused retail investors on Reddit and Robinhood and perceived big-money institutional investors. Beginning with GameStop, retail investors have piled into dozens of heavily short-sold and/or low-priced stocks with the purpose of driving their share prices into the stratosphere. Canadian marijuana stock Sundial, which was primarily targeted by retail investors for its penny-stock share price, is up 482% over the trailing three months, as of this past weekend.