2 Cheap Growth Stocks to Buy Right Now
After a quick jump to start 2023, growth stocks are taking another turn lower. Wall Street's focus on short-term challenges like inflation and a potential recession has kept a lid on returns in the Nasdaq Composite, home to many of these growth-focused companies.
While prices have declined across the board, some discounts are more attractive than others because they apply to stellar businesses that can likely thrive through a wide range of selling conditions in 2023 and beyond. With that in mind, let's look at why you might want to add Palo Alto Networks (NASDAQ: PANW) and Lululemon Athletica (NASDAQ: LULU) to your portfolio.
Palo Alto Networks is giving growth investors a lot to celebrate in 2023. The cybersecurity specialist in late February announced that sales jumped 27% in its fiscal second quarter, preserving its excellent momentum from the 2022 calendar year. Cash flow and earnings remained strong, too, as the company balances growth with rising profit margins.
Source Fool.com
