2 Growth Stocks to Buy in August
Earnings season is here, with countless stocks on the move. Companies are reporting their performance over the past three months, with many continuing to feel the effects of last year's economic downturn. However, poor market conditions won't last forever. Inflation has eased every month for the past year, rising just 0.2% from May to June. And the improvement is starting to be reflected in the earnings of e-commerce sales.
However, consumer spending on tech has continued to falter. As a result, it's crucial to keep a long-term perspective when investing and choose companies with a solid history of growth. Doing so can safeguard your investment against temporary headwinds and provide gains over time. Here are two growth stocks to buy now.
(NASDAQ: AAPL) shares have tumbled 9% since Aug. 1 after the company reported declines in several of its product segments in the third quarter of 2023. The company's iPhone, Mac, and iPad segments experienced slips in revenue and brought total revenue down by 1% year over year.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 147 Buy predictions and 17 Sell predictions.
With a target price of 224 € there is a slightly positive potential of 12.43% for Apple Inc. compared to the current price of 199.24 €.
