3 of the Best Growth Stocks to Buy in September
Are you looking for some discounted growth stocks that can deliver great returns in the next few years? Three stocks that you should consider that are down 40% or more in 2022 are Cresco Labs (OTC: CRLBF), PayPal Holdings (NASDAQ: PYPL), and Meta Platforms (NASDAQ: META). Although investors have been bearish on these stocks of late, I expect that these businesses will not only recover but generate strong returns at their current price points.
The cannabis company I'm most bullish about right now is multi-state marijuana operator Cresco Labs. Its management doesn't overhype the business, nor does it make outlandish forecasts that could set it up for failure down the road. It just looks for opportunities to expand its business in key parts of the country.
A big reason investors are down on Cresco and other pot stocks is that their results have been underwhelming of late. For the period ended June 30, Cresco's sales of $218 million were up just 4% year over year. However, the industry is facing challenges, with oversupply of cannabis limiting near-term growth for many businesses.
Source Fool.com
