Growth stocks are quietly making their way back into Wall Street's good graces. After plunging last year, shares of many tech and consumer-focused businesses have rallied in the first six weeks of 2023 as fears ease about a recession on the horizon.

But smart investors know that real gains are measured in years rather than weeks. With that longer time frame in mind, let's look at why even a small initial investment in Chewy (NYSE: CHWY) or McDonald's (NYSE: MCD) could pay off over the next decade or more.

Chewy's financial metrics meet most of the standards that a growth investor might have for a stock. The pet-supply specialist is expanding sales at a double-digit rate following huge gains in earlier phases of the pandemic. Pricing power has been clear in recent quarters, and profitability is holding steady despite cost spikes.

Continue reading

Source Fool.com