3 Growth Stocks to Buy in June
Consumers drive the U.S. economy -- an estimated 68% of America's gross domestic product comes from personal consumption. This means that stocks of companies where consumers open their wallets can be significant long-term investments.
I have identified a few high-quality consumer names that have been doubted by some, pushing valuations to on-sale levels. Here is what you need to know about these three growth stocks and why they could outperform.
E-commerce is a foundational part of consumer spending in America, and nobody does e-commerce like Amazon (NASDAQ: AMZN). The company has a staggering 37% market share of online sales in the U.S. With coming in at No. 2 with just a 6% share, it's hard to see anyone catching Amazon, especially after the company pumped up its supply chain investments in recent years, building a logistics network for order fulfillment that might be unmatched worldwide.
Source Fool.com
Walmart Inc. Stock
The stock is an absolute favorite of our community with 79 Buy predictions and no Sell predictions.
With a target price of 72 € there is a slightly positive potential of 14.56% for Walmart Inc. compared to the current price of 62.85 €.
