3 Top Growth Stocks to Supercharge Your Portfolio
Issues with the economy abound at the start of 2023. Inflation is still high, and the U.S. Federal Reserve recently indicated it will still be raising interest rates this year to try to cool off economic activity. Businesses are taking the hint and scaling back their spending.
Nevertheless, green shoots are emerging after a brutal bear market for growth stocks in 2022. Some of the most beaten-down names are up by double-digit percentages early in 2023 as their management teams focus less on just growth and more on growth and profitability. Three Fool.com contributors think the narrative is in the process of changing for Sea Limited (NYSE: SE), Datadog (NASDAQ: DDOG), and Farfetch (NYSE: FTCH). Here's why these contributors think these stocks could supercharge your portfolio in the coming years.
Nicholas Rossolillo (Sea Limited): It's been a long and difficult road for southeast Asia's leading e-commerce platform Sea Limited. Share prices are down nearly 80% from their all-time high set during the second half of 2021 -- when the digital economy was in bubble territory in the wake of pandemic lockdowns.
Source Fool.com
