What's a great thing to do during the hot month of August? One option is to find somewhere cool. Another is to invest in stocks that could deliver their own kind of sizzle.

We asked three Motley Fool contributors to identify some fantastic growth stocks to buy in August. Here's why they picked Axsome Therapeutics (NASDAQ: AXSM), Eli Lilly (NYSE: LLY), and Vertex Pharmaceuticals (NASDAQ: VRTX).

Keith Speights (Axsome Therapeutics): Admittedly, Axsome Therapeutics hasn't been an especially hot stock so far in 2023. However, I think that things are about to soon heat up for this up-and-coming biotech company.

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Source Fool.com