3 Growth Stocks That Could Triple
It's been one of the toughest years on record for growth investors as the Nasdaq Composite falls for a seventh straight week, capping off a 28.3% year-to-date decline for the bellwether technology stock index. The S&P 500 index, which tracks the performance of the 500 largest companies in the U.S., is down 18.7% year to date and is on the edge of entering a bear market.
Amid the doom and gloom, investors should keep their eyes peeled for potential bargains emerging. The good news about falling share prices is that sometimes the baby gets thrown out with the bathwater, creating enticing investment opportunities for investors who stay alert. Plunging valuations also mean that the margin of safety increases for businesses that continue to grow both their top and bottom lines, increasing the chances of a better long-term total return.
Here are three growth stocks that continue to register business improvements and could very likely triple in share price once the selling is done.
Source Fool.com
