Over the last 15 years, growth investors have done quite well for themselves. In fact, according to S&P Global, growth stocks have generated an annualized return of 13.4% over that time period, significantly beating the 8% and 10.9% annualized returns of value stocks and the S&P 500, respectively.
Moreover, the Federal Reserve has kept interest rates low throughout the pandemic, creating an environment where capital is cheap and stocks look more attractive than bonds (especially growth stocks). And despite a potential rate hike in 2023, I expect growth stocks to maintain their outperformance in the years ahead.
With that in mind, Paycom Software (NYSE: PAYC) and The Trade Desk (NASDAQ: TTD) look like smart stocks to buy right now. Here's what investors should know.
Source Fool.com