2 Top Growth Stocks to Buy Right Now
In March 1957, the S&P Composite became the S&P 500 as we know it today, an index comprising 500 of the largest U.S. companies, designed to be a bellwether for the broader economy. Since its inception, the S&P 500 has generated an annualized return of approximately 7.4%, a pace that would double your money once every 10 years. That's not too shabby.
However, if you're willing to do the research, your portfolio could grow even faster. Of course, every investor has their own process, but I start by looking for companies with a competitive edge, a sizable market opportunity, and healthy top-line growth. Those qualities hint at future share price appreciation -- and I think Elastic (NYSE: ESTC) and Unity Software (NYSE: U) check all three boxes.
Here's what you should know about these growth stocks.
Source Fool.com
