2 Growth Stocks that Could Double in 2022
This year hasn't been an easy time for growth investors. The Nasdaq Composite Index fell by 20% back in March to enter a bear market and has since rebounded by 6%. It's still down around 15.7% year to date. However, amid the carnage, let's not forget that many businesses are still posting healthy business growth. The decline was mainly due to worries over rising interest rates as the U.S. saw its inflation rate hit the highest level since 1981.
While such share price drops may feel distressing, they also open up windows of opportunity to accumulate strong and well-run companies on the cheap. Investors should look at businesses that enjoy a sturdy competitive moat and tailwinds that can boost their growth over the long term. Remember that the stock market is subject to emotions such as fear in the short term but it will ultimately reward companies that can grow their top and bottom lines in the longer term.
With this in mind, here are two growth stocks with catalysts that could enable them to double this year.
Source Fool.com
