2 Growth Stocks That Soared More Than 30% in July
The S&P 500 is still in negative territory this year, but it did have a strong performance last month, rising by 9%. A couple of stocks that did exceptionally well and beat the markets by a wide margin include 1Life Healthcare (NASDAQ: ONEM) and Rivian Automotive (NASDAQ: RIVN). Both rose more than 30% in value.
What was behind their recent surges, and are they investments you should consider adding to your portfolio today?
Up until July, it wasn't a good year for 1Life Healthcare, which also goes by the name of One Medical. At the end of June, the healthcare stock had lost more than half of its value. The company offers primary care services and hasn't been immune to the softness in the market this year. A lack of profitability has also made it a riskier buy than other growth stocks.
Source Fool.com
