Investors are getting a better picture of where stocks stand in this current uncertain economy as the companies report financial results for the second quarter. Some companies are not out of the woods yet, while others are showing improving revenue trends that could lead to an upside for their shareholders.

Amazon (NASDAQ: AMZN) and Advanced Micro Devices (NASDAQ: AMD) are certainly in the latter category. These leaders in e-commerce and semiconductors have not been immune to the macroeconomic headwinds over the last year, but both possess near-term catalysts that should support their share price performance and set the stage for more gains in the next bull market. Let's find out a bit more about these two discounted growth stocks and why they might be good buys for the next decade.

Share prices of Amazon are up 66% this year. Revenue across the business grew 11% year over year in the second quarter, driven by higher revenue growth in online stores.    

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Source Fool.com