Wall Street Says the S&P 500 Is Headed Higher: 2 Unique Growth Stocks to Buy Now and Hold

The S 500 (SNPINDEX: ^GSPC) is up 18% year to date, but strategists at Goldman Sachs, Yardeni Research, and Capital Economics believe the benchmark index is headed higher in the coming quarters. Their upbeat forecasts imply upside ranging from 4% to 21% over the next 18 months, reflecting a positive shift in market sentiment brought on by cooling inflation and stronger-than-expected economic growth.

Here are two unique growth stocks to buy now.

(NASDAQ: ETSY) reported mixed financial results in the first quarter. Gross merchandise sales declined 5% to $3.1 billion as elevated inflation dragged on consumer spending. Yet, revenue jumped 11% to $640 million, an acceleration from 5% growth in the prior year, as Etsy flexed its pricing power by raising transaction fees. But earnings still fell 40% to $0.60 per diluted share as operating costs swelled due to ongoing product development initiatives.

Continue reading

Source Fool.com