My 2 Top Growth Stocks to Buy for 2023 and Beyond
The market has punished growth stocks over the last year, and that trend could continue well into 2023 due to several factors. For instance, the Federal Reserve is planning to further increase benchmark interest rates in its ongoing effort to tame high inflation, but that's creating a more difficult environment for growth-oriented businesses. But none of that should scare investors. Companies with solid operations will find ways to navigate even challenging economic landscapes.
And businesses like that are worth serious consideration, whether or not they are currently doing well. In that spirit, let's examine the investment theses for two growth stocks that have moved in different directions on the stock market this year: Vertex Pharmaceuticals (NASDAQ: VRTX) and Shopify (NYSE: SHOP). Here is why both are solid stock picks heading into 2023.
Biotech giant Vertex Pharmaceuticals has defied gravity all year. For those who closely follow the drugmaker, that isn't surprising. It isn't just delivering solid financial results, it is also positioning itself for long-term growth.
Source Fool.com
