2 Top Growth Stocks to Buy in May
Retail stocks can get overlooked by investors due to their seemingly limited growth prospects compared to tech companies. And even quickly expanding retailers often struggle to generate double-digit profit margins due to high costs and fierce competition.
Yet, not all retailers are cut from this cloth. Let's take a closer look at two companies that are soaking up market share in growing industries and generating impressive profits along the way. Read on for some good reasons to buy Tractor Supply (NASDAQ: TSCO) and Ulta Beauty (NASDAQ: ULTA) stocks now.
Investors weren't thrilled with some aspects of Tractor Supply's fiscal first quarter, which ended April 1. The rural lifestyle retail chain revealed in late April that comparable-store sales rose just 2%, marking a slowdown from the prior quarter's 9% spike.
Source Fool.com
