Buying These 2 Growth Stocks Before 2022 Is Over Would Be a Genius Move
Growth stocks haven't been treated kindly by investors in recent months, and as a new year dawns, you might be considering where the best opportunities are to park your cash. While not all growth stocks will recover from their pandemic highs, businesses with a clear path forward to growth can prevail beyond the near-term market dynamics afflicting companies across virtually every sector.
If you are adding to your portfolio right now, Pinterest (NYSE: PINS) and Amazon (NASDAQ: AMZN) are two growth stocks to consider putting on your buy list before 2023 arrives.
As a leader in the world of social commerce -- an industry worth nearly $40 billion at present -- Pinterest is well-poised to achieve ongoing growth, even if the trajectory of ad spending decreases temporarily in a difficult economic environment. The idea of social commerce, which is buying and selling products and services using social media, is hardly new. Companies like Meta Platforms and its subsidiary Instagram have built behemoth businesses around this concept.
Source Fool.com