2 Growth Stocks to Buy Before the Next Bull Market
With the Nasdaq Composite up 34% this year, investors are starting to look ahead to an improving economic outlook. Other signs of improvement include fading inflation and better growth prospects for leading companies. These factors are usually the ingredients that kick off a new bull market.
Meanwhile, valuations have fallen for some household names, such as social media leader Pinterest (NYSE: PINS) and the leading online home goods brand (NYSE: W). The combination of solid business performance and stock price drops during the bear market can have that effect.
Buying stocks after a sharp sell-off can be very rewarding. As long as the companies in question are continuing to invest in the future and getting better at what they do, investors could find a bargain in their stock price that soars in value as the broader market rises over the long term and previously wary investors start to reconsider the potential of these growth stocks.
Source Fool.com
Wayfair Inc. Stock
The stock is one of the favorites of our community with 37 Buy predictions and 2 Sell predictions.
With a target price of 71 € there is a positive potential of 45.78% for Wayfair Inc. compared to the current price of 48.71 €.
