Got $5,000? These 2 Growth Stocks Are Near Their 52-Week Lows
If you have $5,000 you can afford to invest in the stock market, now may be a good time to consider doing so, especially if you don't need that money for a while. There are some strong businesses out there that have seen their valuations nosedive this year that could present attractive opportunities for growth investors. Consider that a 20% return on a $5,000 investment would mean a $1,000 profit for your portfolio.
Two stocks that I'm confident could achieve that or more from where they are now are AstraZeneca (NASDAQ: AZN) and Adobe (NASDAQ: ADBE).
Healthcare giant AstraZeneca started the year strong and was up over 15% for the most part, but in recent weeks, the stock has given back those gains. There isn't an overly compelling reason for the recent decline as its 14% tumble over the past month is only slightly worse than the S&P 500's fall of 10%, suggesting that it's more to do with general softness in the market.
Source Fool.com
