This year has started with a very different kind of investment atmosphere than folks were used to in 2022. The Nasdaq Composite has surged over 11% so far this month as growth stocks retake center stage.
But the rally doesn't mean that now is the time to repeat past mistakes, like investing in bad businesses just because they are hot stocks. Instead, it's better to find companies with compelling investment theses that can unlock multidecade growth potential.
Shopify (NYSE: SHOP), the Vanguard Growth ETF (NYSEMKT: VUG), Nio (NYSE: NIO), Beam Therapeutics (NASDAQ: BEAM), and Roku (NASDAQ: ROKU) have that kind of potential. Here's what makes each company a great buy now, according to five Motley Fool contributors.
Source Fool.com