5 Growth Stocks Rocketing Up My Prospective Buy List
Approximately 13.5 months ago, uncertainty on Wall Street hit its peak and the benchmark S&P 500 bottomed out. Since hitting its trough on March 23, 2020, it's returned as much as 88%, not including dividend payouts.
In many respects, growth stocks led this rebound. An historically low interest rate environment that's been fueled by the Federal Reserve and Capitol Hill pumping money into the system has been the perfect storm for growth stocks to thrive. Unfortunately, nothing goes up in a straight line.
Since mid-February, fast-growing companies have struggled. The prospect of higher interest rates, which would raise borrowing costs, as well as investors becoming more critical of income statements, has pushed growth stocks out of favor.
Source Fool.com
