The Ultimate Growth Stock to Buy With $1,000 Right Now
If you have $1,000 that isn't needed to pay bills or bolster an emergency fund, you might consider putting it toward an investment that can help you grow that "grand" amount into something more. But which stock will give you the ultimate growth potential while also being a safe investment?
Sometimes the best stock to buy is one of the most well-known and successful companies in the world. At the beginning of 2023, the market sentiment had turned against Amazon (NASDAQ: AMZN). Its stock was trading for around $81, a far cry from its lofty high of $187 in the middle of 2021. Based on the market's reaction one might have thought Amazon's best days were behind it.
However, with the results it has posted over the past year, Amazon has once again positioned itself as a stock worthy of investors' capital. Significant financial improvements helped its stock price climb back up and it's trading for a price just shy of its 2021 high. Even better, its potential for future growth is as strong as ever.
Source Fool.com
