3 of the Best Growth Stocks to Buy in October
September was yet another down month for the stock market, and the outlook still doesn't look great with inflation showing no signs of coming to an end. But if you're a long-term investor, you shouldn't worry about when the markets will recover. As Berkshire Hathaway Vice Chairman Charlie Munger has stated, "To think about what will happen versus when is a far more efficient way to behave."
Taking that advice into consideration, there are three growth stocks that stand out from the rest and that investors should consider buying this month given their promising futures: Eli Lilly (NYSE: LLY), Shopify (NYSE: SHOP), and Costco Wholesale (NASDAQ: COST).
Trading at around 50 times earnings, healthcare giant Eli Lilly may turn off some investors with its steep valuation. But earnings multiples don't always reflect long-term growth potential, and that's what Eli Lilly offers. The company's pipeline features more than 20 late-stage trials that could bolster Eli Lilly's financials in the not-too-distant future.
Source Fool.com
