2 Growth Stocks to Buy During Market Selloff... The demand for digital payment services continues to increase after getting a big push from the COVID-related restrictions on physical stores in the last couple of years. That’s one of the reasons why its full-year 2021 revenue is expected to rise by more than 92%, and earnings are projected to double from the previous year. Similarly, its profitability is continuing to expand, as Nuvei registered a 97% YoY (year-over-year) rise in its adjusted EBITDA in the third quarter last year to US$80.9 million.
Despite its solid recent financial growth trends, NVEI stock has dived by nearly 58% in the last four months against only a 2% drop in the TSX Composite benchmark. Apart from its increasing organic growth, Nuvei is focusing on expanding its global footprint and product innovation, which could help its financial growth accelerate further in the long term. These are some reasons why I find this Canadian high-growth stock worth buying for the long term during the ongoing market selloff.
https://www.fool.ca/2022/02/25/2-tsx-monster-growth-stocks-to-buy-during-market-selloff/