Got $3,000? 3 Growth Stocks to Double Up On Right Now
After years of outperformance, growth stocks have hit a wall in 2022. Growth stocks with high price-to-earnings multiples or with no earnings have been punished by the market as rising interest rates and soaring inflation have made them less attractive to investors. But over the long run, companies that are growing sales and earnings are still a great place to invest.
The steep year-to-date declines create a compelling buying opportunity for long-term investors interested in establishing a position in some of the market's best growth stocks. And you don't need a small fortune to get started. If you have $3,000, here are three different growth stocks that you can double down on right now.
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Source Fool.com
