For long-term investors, compounding growth at high rates is the name of the game. If you can buy a company that compounds earnings and cash flows at high rates for a long period, odds are you will have a very comfortable retirement.

While the markets have recovered somewhat in 2023, there are still high-quality growth stocks out there that look undervalued. Time to buy or add the following three names.

Investors underestimate Amazon.com (NASDAQ: AMZN) at their peril. The e-commerce and cloud leader has been a relative laggard among big tech stocks during this recovery period and is still 31% below its all-time highs -- worse than most other FAANG names.

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Source Fool.com