These 2 High-Growth Stocks Could Power the Bull Market's Next Record Run
A bull market hasn't arrived yet. But the good news is that period of market growth is on its way. History shows us bull markets always follow tough market times. To prepare, it's a great idea to stock up on a couple of high-growth companies -- these players often suffer during bear markets, leaving them at reasonable valuations. So, you can pick them up cheap today and likely benefit down the road.
Which stocks to buy? I'm thinking of leaders in two supercharged industries. Electric vehicle (EV) giant (NASDAQ: TSLA) and e-commerce and cloud computing powerhouse Amazon (NASDAQ: AMZN). They have what it takes to benefit from the double-digit growth forecast for each of those markets. And they could drive the bull market's next big run. Let's find out more.
Last year marked a record one for Tesla. The EV maker reported its highest quarterly revenue, operating income, and net income in the last three months of 2022. Net income for the full year more than doubled. And Tesla reported operating margin at industry high levels. The company accomplished all of that in spite of headwinds such as higher inflation and negative currency impact.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 76 Buy predictions and 28 Sell predictions.
With a target price of 248 € there is a positive potential of 29.01% for Tesla Inc compared to the current price of 192.24 €.