2 Unstoppable Growth Stocks I'm Buying Before 2022 Ends
The start of December brought news that could indicate growth stocks might turn around before 2022 is up. First, U.S. third-quarter GDP growth came in at 2.9% -- a reversal from the negative growth the U.S. experienced in Q1 and Q2. That means the U.S. may have avoided a full-on recession, and growth might return to companies.
Second, Federal Reserve Chairman Jerome Powell stated that the intensity of the rate hikes could ease "as soon as December." If interest rates stabilize, investors may return to growth stocks because the uncertainty of what the final federal funds rate will be is decreasing.
Armed with that information, many investors could return to growth stocks like The Trade Desk (NASDAQ: TTD) or Cloudflare (NYSE: NET), two names I think could have a phenomenal year in 2023.
Source Fool.com
