3 Growth Stocks I'd Buy Right Now

Over the past decade since the last financial crisis of 2008, growth stocks have handily outperformed value stocks. This has been due to a number of factors, including low interest rates and tepid economic growth, which puts a premium on stocks that can actually grow. Lower interest rates mean lower discount rates, which mean earnings and cash flows years from now are worth more today than they otherwise would be.

At the same time, there is a huge sea change going on at major enterprises and small businesses alike -- the digitization of enterprise information technology. This process has been enabled by the innovation of cloud computing, giving rise to a whole new series of applications that allow enterprises to run more flexibly, efficiently, and cost-effectively.

As the COVID-19 outbreak peaks and then subsides, this same low-interest-rate environment should continue for years. Meanwhile, the digitization of enterprise IT is becoming more important than ever. Therefore, the following growth stocks, all of which play into that theme and all of which have held up quite nicely during the market meltdown, should continue to benefit.

Source Fool.com