Got $5,000? Buy and Hold These 3 Market-Beating Stocks
There are always great opportunities to be found in the stock market if you look hard enough. In addition to the easing of pandemic restrictions and the reopening of numerous economies around the world, consumer demand has also been strongly boosted as people engage in "revenge spending." At the same time, new trends are emerging that can act as sustainable tailwinds for the foreseeable future.
If you have some cash to spare, whether from a nice bonus or regular savings, you can consider allocating some to solid growth stocks. The Nasdaq Composite index has chalked up its best performance since 1983, jumping 32% in the first half of this year. However, some stocks have performed significantly better than the index as they rode a wave of optimism. This crop of stocks has handily beaten the index and could continue to outperform as they benefit from strong earnings and sustainable catalysts.
Here are three names that you may consider adding to your growth stock portfolio.
Source Fool.com
