2 Dirt-Cheap Growth Stocks That Could Skyrocket

With high inflation and the Federal Reserve's interest rate hikes spooking the market, 2022 hasn't been the best year for growth stocks. That said, the bear market has created plenty of chances for investors to pick up shares of top-quality companies at a discount. Let's discuss why Global E Online (NASDAQ: GLBE) and Luckin Coffee (OTC: LKNC.Y) could help turbocharge your investment portfolio.

Down by 68% year to date, Global E Online hasn't escaped the impacts of the 2022 bear market, which hit the tech sector particularly hard. Like many e-commerce companies, it now faces post-COVID investor pessimism. But that shouldn't overshadow its rapid growth rate and strengthening economic moat in the industry. 

Global E operates a platform designed to facilitate cross-border digital sales and fulfillment. It helps companies sell their goods in foreign markets by providing services like regulatory compliance, import compliance, and currency conversion. There has proven to be a big market for these services. In the third quarter, Global E's sales increased by 79% to $105.6 billion as it onboarded new clients such as Rag & Bone, The Wimbledon Online Shop, and Zenith, a luxury watch brand owned by LVMH Group

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Source Fool.com