Best Stock to Buy Right Now: Roku vs. Shopify

Roku (NASDAQ: ROKU) and Shopify (NYSE: SHOP) both experienced major growth spurts during the pandemic in 2020 and 2021. More people stayed at home and streamed videos through Roku's devices, while more shoppers made online purchases through Shopify-powered stores. Those catalysts, along with the buying frenzy in growth and meme stocks, drove both stocks to their all-time highs in 2021.But both companies struggled as those temporary tailwinds dissipated. Inflation and rising rates exacerbated that pressure by curbing consumer spending and compressing the companies' valuations. That's why Roku and Shopify now trade about 84% and 52% below their record highs, respectively. Should you buy either of these beaten-down stocks as interest rates decline and the macro environment warms up again?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool