Growth stocks have suffered the steepest declines in the recent stock market sell-off. It's not hard to see why: Shares of companies growing faster than average enjoy a premium, and therefore also often get dumped quickly when fear and uncertainty loom large. Right now, sky-high inflation, rising interest rates, and fears of a recession have formed the perfect recipe for disaster for growth stocks.

Such market downturns, however, are also the best times to buy top-notch growth stocks while they're still languishing. With only $1,000, here are two such tempting hot growth stocks with humongous catalysts ahead you could buy right away.

Shopify (NYSE: SHOP) made a killing during the COVID-19 pandemic, as lockdowns forced people to stay at home and shop online. Since Shopify's cloud-based platform allows merchants of all sizes to set up customized digital stores and manage everything from inventory to sales from one platform, demand for the company's offerings from merchants as well as consumers boomed during the pandemic.

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Source Fool.com