Got $5,000? These Are 2 of the Best Growth Stocks to Buy Right Now
It seems there is never a dull moment in the market. This is undoubtedly true recently, as the collapse of Silicon Valley Bank (a subsidiary of SVB Financial) and other banks caused turmoil. Rising interest rates, stubborn inflation, and a wave of tech layoffs have also kept Wall Street on edge. But these headwinds provide opportunities to long-term investors with some cash to invest. Secular growth industries, excellent free cash flow, and persistent high performance are some things I look for in the companies I seek to invest in.
Airbnb (NASDAQ: ABNB) and The Trade Desk (NASDAQ: TTD) have those qualities in spades. Let's take a look.
When COVID-19 hit in 2020, Airbnb's business was devastated. Travel came to a screeching halt, and revenue plummeted. The company was forced to lay off many employees and hunker down to survive. Believe it or not, this is benefiting Airbnb now.
Source Fool.com
