2 Top Growth Stocks to Buy in June
The first half of 2020 has been pretty chaotic for investors. The stock market entered March valued at a historic premium, plunged on fears of the potential economic impact of the coronavirus pandemic, and then reclaimed most of its lost ground by early June as unprecedented action from the Federal Reserve offset Wall Street's concerns about the health crisis (for now). Due to the pandemic's negative impact on earnings, the stock market is even more expensive now than three months ago.
The fact that stocks are trading at a premium might make investors tread carefully, but those with a long-term mindset might not hesitate to buy great businesses. For those interested in adding to or opening new positions, NextEra Energy Partners (NYSE: NEP) and Enphase Energy (NASDAQ: ENPH) are among the top growth stocks in the energy sector. There are risks for each business, but both have long-term growth prospects that will survive any economic downturn.
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Source Fool.com
