Got $1,000? Buy These Hot Growth Stocks Before They Take Off
A marketwide sell-off last year brought down the value of many stocks. Macroeconomic headwinds curbed consumer spending and led to dismal quarterly results. However, 2023 appears to be a year of recovery with many companies enjoying monster rallies.
Some of the historically most reliable growth stocks are trending up. Two worth considering now are e-commerce giant Amazon (NASDAQ: AMZN) and big box retailer Costco Wholesale (NASDAQ: COST). So, got $1,000? These growth stocks are attractive buys and could take off further.
Amazon's stock plunged 50% last year as its e-commerce business suffered steep declines in earnings. However, the first quarter of 2023 brought its North American segment back to profitability, with improvements to its international segment. Meanwhile, Amazon's quickly expanding position in artificial intelligence (AI) has likely set it on a growth path.
Source Fool.com
