My 2 Best Growth Stocks to Buy and Hold Through Any Recession
Few areas of the stock market have been spared in the recent downturn, but growth stocks have been hit particularly hard. Just as one broad indicator of how poorly growth stocks have performed, the Vanguard Growth ETF (NYSEMKT: VUG) is down by 28% from its 52-week high, 10 percentage points worse than the S&P 500 has performed. And many popular growth stocks have performed far worse.
That said, it's important to realize that not every beaten-down stock deserves to be trading at such a steep discount. Here are two growth stocks that I own in my personal portfolio that I plan to hold for years to come -- even if the economy falls into a deep recession.
E-commerce has steadily risen as a percentage of U.S. retail sales over the past couple of decades but still makes up less than 15% of the overall retail landscape. And although its shares have fallen quite a bit, Shopify (NYSE: SHOP) could continue to be an excellent way to play it.
Source Fool.com
