2 Magnificent Growth Stocks to Buy on the Dip
The stock market can be very unpredictable year to year, but the most surefire predictor of long-term returns is whether you own shares of companies that are reporting growing revenue. If you hold a collection of magnificent companies that grow over many years, you're effectively guaranteed to grow the value of your investments.
Now might be a great time to consider buying shares of Chinese tech giant (NYSE: BABA) and top retailer Ulta Beauty (NASDAQ: ULTA). These stocks are down from their highs, but trade at discounted valuations. These could be timely picks for a long-term growth investor.
Alibaba is the largest e-commerce company in China. The stock got knocked down over the last few years thanks to a sluggish economy, but the shares are now selling at a cheap valuation that hardly prices in any future growth, which seems very unrealistic for the tech giant.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
The stock is one of the favorites of our community with 44 Buy predictions and 2 Sell predictions.
With a target price of 109 € there is a hugely positive potential of 58.2% for Alibaba Group Holding Ltd ADR compared to the current price of 68.9 €.