The U.S. stock market has proved quite resilient in 2024 despite seeing various fluctuations and pressures. Following an exceptionally strong 2023, the broad-based S 500 index has posted a 7.5% return so far in 2024.

While investors have now started worrying about a pullback as a result of high interest rates and geopolitical risks, there is still money to be made in the market. Long-term investors can pick up small stakes in fundamentally strong growth companies that are riding solid secular tailwinds to gradually build wealth.

Here's why growth stocks Broadcom (NASDAQ: AVGO) and Nu Holdings (NYSE: NU) both fit these criteria and can prove exceptional buys in the long run.

Continue reading

Source Fool.com