1 Red-Hot Growth Stock to Buy Hand Over Fist Before 2022 Is Over
The tide may be starting to turn on Wall Street. After a tumultuous year of battling soaring inflation and rising interest rates, evidence is mounting that the worst of those economic conditions might be behind us.
Investors digested a better-than-expected Consumer Price Index (inflation) number last week, which was followed up by a much softer Producer Price Index (wholesale inflation) result. Inflation has now declined for four consecutive months since hitting a 40-year high of 9.1% in June.
That's great news for many companies, but especially Sea Limited (NYSE: SE), which operates a portfolio of consumer-focused businesses. The company just reported its financial results for the third quarter (ended Sept. 30), and its stock rocketed by 36% on the day. The stock remains down 82% from its all-time high, so here's why investors might want to take advantage of that opportunity right now.
Source Fool.com
