3 Growth Stocks Poised to Skyrocket
Think about a coiled spring. It has tremendous potential energy just waiting to be released. That's a pretty good analogy for some growth stocks.
We asked three Motley Fool contributors to identify growth stocks that they believe are poised to spring upwards. Here's why they picked Axsome Therapeutics (NASDAQ: AXSM), Novavax (NASDAQ: NVAX), and Vertex Pharmaceuticals (NASDAQ: VRTX).
David Jagielski (Axsome Therapeutics): All it takes for a biotech stock to get going is one good catalyst, such as a drug approval from the Food and Drug Administration (FDA). Axsome Therapeutics received just such a catalyst recently when the FDA approved Auvelity as a treatment for adults with major depressive disorder. The news prompted a 29% surge in Axsome's share price last week.
Source Fool.com
