3 Growth Stocks That'll Make You Richer in August (and Beyond)
Over the very long run, value stocks have outperformed growth stocks, according to a Bank of America/Merrill Lynch report that examined average annual returns between 1926 and 2015. However, this trend has reversed in a big way since the Great Recession ended in 2009.
The Federal Reserve's insistence on keeping lending rates low, along with ongoing quantitative easing measures designed to weigh down long-term bond yields, has allowed fast-growing companies access to abundant cheap capital that they've used to hire, innovate, and even acquire other businesses. This dovish monetary policy won't be changing anytime soon. In other words, growth stocks can still thrive.
As we steam ahead into the warm summer days of August, a trio of growth stocks that've cooled off in recent weeks appear ripe for the picking. These well-known companies have the potential to make investors richer in August, but most importantly well beyond.
Source Fool.com
