2 High-Conviction Growth Stocks to Buy Now
The U.S. equity market has been very volatile in the past months. In June 2022, the U.S. consumer price index was up 9.1% year over year, the highest increase in the past 40 years, and the producer price index was up 11.3% year over year. The Federal Reserve increased benchmark interest rates by 75 basis points in July, yet the market seems to have turned slightly positive on expectations of slower rate hikes in subsequent quarters.
Despite this, the tech-heavy Nasdaq Composite is still firmly in bear market territory. Many high-quality tech stocks such as Okta (NASDAQ: OKTA) and DigitalOcean (NYSE: DOCN) are now available at historically low levels, presenting attractive entry points for retail investors.
Let's see why these companies can prove to be solid picks now.
Source Fool.com
