Adobe (NASDAQ: ADBE) and Autodesk (NASDAQ: ADSK) provide essential software for designers and other media professionals. Over the past 10 years, Adobe's stock rallied nearly 1,100% while Autodesk's shares advanced more than 440%. Adobe generates over 70% of its revenue from its Digital Media business, which houses its Creative Cloud (Photoshop, Illustrator, Premiere Pro, and other creativity software) and Document Cloud (Acrobat and Sign) services.
Unity Software (NYSE: U), the creator of one of the world's top video game development engines, went public at $52 per share in September 2020. Unity's stock had already declined to the $60s by early May, but it plummeted nearly 30% in a single day following its first-quarter report on May 10.
The growth-heavy Nasdaq Composite index is now down roughly 8% since the beginning of June, and it's possible that more volatility is coming down the pipeline. With inflation still running hot, the Federal Reserve serving up its highest interest rate hikes in decades, and the possibility the economy will enter recession in the near future, it's little wonder investors are feeling exhausted. Read on to see why a panel of Motley Fool contributors thinks these three stocks will help you beat the summertime blues and score big wins over the long term.