The S&P 500 Is Down 22% -- It's Time to Buy These 3 Ultra-Growth Stocks
If you're looking for stock bargains, there are plenty to be found right now. The S&P 500 (SNPINDEX: ^GSPC) is trading roughly 19% below its early January high, which means roughly half of the index's constituents are down by even more. Most of the names leading the charge lower are the growth names that led the bullish charge in 2021. And it's among these stocks that you'll find the very best names to nibble on at their lows.
Here's a rundown of three ultra-growth stocks it's time for true long-termers to go ahead and add to their portfolios.
It's an unfamiliar name to most investors. Don't let the lack of notoriety fool you, however -- Paycom Software (NYSE: PAYC) is a growth machine with plenty of room to continue its expansion. This year's projected top-line improvement of 26.4% and next year's anticipated sales growth of 23.2% are pretty typical, while earnings are growing at an even faster clip. There's no reason to think the future's going to look much different.
Source Fool.com
