2 Excellent Growth Stocks to Invest $1,000 in This Year
The start of a new year is as good a time as any to start investing in stocks, and a relatively modest sum such as $1,000 can go a long way, provided it is invested in solid companies.
Let's look at two excellent prospects: Pinterest (NYSE: PINS) and Chegg (NYSE: CHGG). Investors can acquire 38 shares of Pinterest, a social media company, with $1,000 at current levels, while that same amount will buy 47 shares of the education technology company Chegg. Here's why either move could pay off handsomely down the line.
Last year wasn't a great one for Pinterest. The company's user growth was nonexistent, which affected its business since it makes money through advertising. Many companies that rely on advertising struggled last year as ad spending dropped amid the economy's problems.
Source Fool.com
