5 Growth Stocks Rocketing Up My Prospective Buy List
This year probably hasn't gone as many investors envisioned it would. Both the broad-based S&P 500 and nearly 126-year-old Dow Jones Industrial Average hit correction territory in March (i.e., a decline of at least 10% from recent highs), while the growth-focused Nasdaq Composite briefly fell into a bear market.
Although stock market declines are unpredictable, and the velocity of moves lower can be unnerving, big drops in the broader market are, historically, a great time to buy high-quality companies at a discount. After all, every notable drop in the major indexes has eventually been cleared away by a bull market rally.
With all the major U.S. indexes retracing, the following five growth stocks have started rocketing up my prospective buy list. Sooner or later, they may find a place in my portfolio.
Source Fool.com
