2 Magnificent Growth Stocks to Buy Now

Growth stocks may be among the first to take off in a new bull market. As major indexes touched bear territory last year, many of these stocks suffered the most. Investors often opt for the safest and steadiest of stocks during tough market times. Today, though, some of these beaten-down players represent opportunity for investors. Those with strong businesses and solid long-term outlooks may not only recover -- they also may deliver growth over time.

Two already have been gathering momentum. I'm talking about Amazon (NASDAQ: AMZN) and Shopify (NYSE: SHOP). Both stocks plummeted last year -- but this year, they're climbing in the double digits. Let's find out more about these two magnificent growth stocks to add to your portfolio right now.

Amazon sank last year for a few reasons. First, rising inflation drove the company's costs higher -- and also weighed on the wallets of its customers. Amazon sells general merchandise to customers on its e-commerce site and cloud computing services to companies through its Amazon Web Services (AWS) business.

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Source Fool.com