2 Supercharged Tech Stocks to Buy Without Any Hesitation
While growth stocks have not been all the rage in 2022 as they were in 2021, I think investors should look at them before the calendar flips to 2023. There are a couple of reasons why growth stocks could boom next year. First, Federal Reserve Chairman Jerome Powell recently suggested that the Fed might begin to ease the pace of its interest rate hikes in December. That's massive news for growth investors, as that shift could lead to an increased appetite for riskier growth assets.
Second, after two consecutive quarters of GDP contraction, the economy grew by 2.9% in the third quarter of 2022. That could be a sign the economy will avoid a slide into an official recession and instead shift into a higher gear despite higher interest rates. Both of those conditions would bode well for growth stocks, and I've got two names that I think are primed to deliver great returns.
Advertising is a cyclical business, as most companies slash their advertising budgets during challenging times. However, if the pace of interest rate hikes slows and the economy gets off to the races again, then a company with a vast amount of advertising real estate like Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) could thrive.
Source Fool.com
