The past year has been a solid one for many investors, with the benchmark S 500 index up by an impressive 20% as many companies recovered from the economic uncertainty of the post-pandemic period. While it is impossible to predict the future, 2024 looks poised to be another good year for stocks as macroeconomic challenges like inflation fade, and the Federal Reserve moves to loosen its hawkish monetary policy.

Let's explore why two dirt-cheap growth stocks, Luckin Coffee (OTC: LKNC.Y) and Soho House (NYSE: SHCO), could make excellent additions to your investment portfolio next year and beyond.

With shares up 17% year to date (to $29 per share), Luckin Coffee has performed well in 2023. Even though the Chinese coffee chain is still far from its pre-scandal highs, rapid growth, burgeoning profitability, and a rock-bottom valuation might make its future even brighter than its past.

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Source Fool.com