Long-time shareholders of these companies can testify that both have patterns of beating the market.
2022 has been a big year for value stocks, many of which are beating the market. Growth investing took a backseat to safer approaches after years of wealth creation while the economy became volatile. As many sky-high valuations on growth stocks bottom out, these stocks could really start up again in the new year.
After years of unbridled growth, e-commerce tools purveyor Shopify (NYSE: SHOP) was hit by a perfect storm. Each of these factors weighed on Shopify, which shed as much as 85% of its value since late last year. Late last week, Shopify reported an encouraging start to the holiday shopping season.