2 Supercharged Growth Stocks to Buy Hand Over Fist Before It Is Too Late
The stock market is on a good run so far this year following a tumultuous 2022, when the surging inflation and a hawkish Federal Reserve sent investors into panic mode. Hopefully, the rebound is here to stay amid a resilient economy and easing inflation.
U.S. inflation increased 6.4% on an annualized basis in January 2023, down from the 6.5% annualized increase seen in the previous month and well below June 2022's big jump of 9.1%. Meanwhile, a strong labor market, growth in retail sales, and an improvement in manufacturing activity could continue to act as tailwinds for the stock market.
Shares of Airbnb (NASDAQ: ABNB) and Twilio (NYSE: TWLO) are flying high amid the broader stock market rally. While Airbnb stock is up almost 45% so far this year, Twilio has shot up 30%. Let's look at the reasons why the terrific rally in these stocks could be here to stay and why investors should consider buying them while they are still selling at a discount.
Source Fool.com
