A Bull Market Is Coming: 2 Incredible Growth Stocks to Buy Now
The U.S. economy has proven to be remarkably resilient despite the tough macroeconomic environment. Although the Federal Reserve's 16-month fight against soaring inflation has taken benchmark interest rates to the highest level in 22 years, the U.S. economy has posted an unexpected 2.4% year-over-year growth rate in the April-to-June quarter. This was mainly driven by a 7.7% year-over-year jump in business spending (excluding housing).
Given these factors, many analysts believe that we may now be in the early stages of a bull market. Hence, it makes sense to buy stocks of fundamentally strong companies such as Microsoft (NASDAQ: MSFT) and Airbnb (NASDAQ: ABNB) that stand to grow rapidly during times of economic expansion.
Let's assess these companies in greater detail.
Source Fool.com
Microsoft Corp. Stock
With 111 Buy predictions and 3 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 425 € shows a slightly positive potential of 13.99% compared to the current price of 372.85 € for Microsoft Corp..
