2 Top Growth Stocks That Can Withstand an Economic Downturn
With fresh signs coming out Tuesday that the U.S. economy is starting to slow in response to rising interest rates, growth stocks could be in for a tough second quarter. After all, out-of-favor tech and biotech equities rallied early on in the first quarter of 2023 under the belief that the U.S. economy might be able to avoid a recession altogether in 2023, despite the central bank's aggressive rate hikes.
Another wave of bearishness shouldn't discourage investors, however. There are a few growth stocks that are more than capable of generating healthy returns even in a recession. The two stocks discussed below, for instance, have economically insensitive business models and stellar long-term prospects. Read on to find out more.
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Source Fool.com
