2 Growth Stocks to Buy in October
Inflation has consistently eased since reaching a high of 9% in June 2022, with the Consumer Price Index rising 3.7% last month. The cost of living is moving in the right direction, with many experts saying Inflation will likely continue easing through 2024. However, Wall Street remains apprehensive, as many companies have continued to suffer from reductions in consumer spending.
Market uncertainty makes now an excellent time to invest in solid growth stocks with plans to hold shares for the long term. Companies active in consistently expanding industries might suffer temporary dips if faced with macroeconomic headwinds but could offer significant gains over many years. So, strengthen your portfolio by considering an investment in these two growth stocks this October.
Investors have slightly pulled back on (NASDAQ: AAPL), with its stock down 7% since the start of August. Macro challenges have caught up with the company, as slowing product sales have led to three consecutive quarters of revenue declines. In the third quarter of 2023, net sales fell in three of Apple's four product segments, with total revenue tumbling 1% year over year.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 106 Buy predictions and 8 Sell predictions.
With a target price of 208 € there is a slightly positive potential of 3.15% for Apple Inc. compared to the current price of 201.65 €.
