Got $1,000? Buy These Hot Growth Stocks Before They Take Off
Growth stocks that are typically bought for their moneymaking potential have wiped out significant shareholder wealth in recent weeks. What investors don't remember though, is that growth stocks don't make you real money over a span of weeks or months -- they're part of a long-term game plan and often require years to build you real wealth.
That also means selloffs like the recent one shouldn't scare you. On the contrary, these drops are an opportunity to add growth stocks that have the strongest potential to rebound once the market shrugs off macro-economic fears. So if you have some cash on you right now, here are three growth stocks that could take off again.
If there's one trend that's taking the world by storm, it's electric vehicles (EVs). Demand is so high that nearly every major automaker has entered the space and is pumping billions of dollars into EVs. Startups are even more aggressive, innovating and launching EVs to give top names a run for their money. Lucid Group (NASDAQ: LCID) is one of them -- it's built electric cars with a stunning range rating of 520 miles, unseating EV leader Tesla. That's no mean feat. Lucid Air also won the 2022 MotorTrend Car of the Year award.
Source Fool.com
