Despite the challenging economic environment, Global-e Online and Farfetch look positioned for a bright future.
These three names are down a ton this year, opening up a massive opportunity for long-term investors.
Shares of Farfetch (NYSE: FTCH) were plunging 23.6% in afternoon trading on Thursday after the online luxury fashion marketplace filed a business update with the Securities & Exchange Commission. Farfetch said it will host a Capital Markets Day with financial analysts and institutional investors today that will discuss in greater depth the company's strategic growth plan. On the surface, the guidance Farfetch shared wouldn't seem to warrant the collapse in its share price.