Here's My Top Growth Stock to Buy Now
It hasn't been easy being a growth investor over the past few months. The Federal Reserve has strongly hinted that it intends to raise interest rates to combat the highest inflation the U.S. has seen in the last four decades. And as risk appetite falters, investors have been selling off high-growth stocks in droves, as there is now a growing perception that these businesses' prospects may stall.
However, there are still companies that are poised to continue growing post-pandemic. Many habits and practices have changed as people have found new (and arguably more efficient) ways of communicating and conducting business. Shopify (NYSE: SHOP) is one beneficiary of the growing trend of starting and running home businesses. The company runs a platform that provides tools and resources for aspiring entrepreneurs to start, operate, and run their businesses, especially online.
Here's why this company is my top growth stock to buy right now.
Source Fool.com
