Here's My Top Growth Stock to Buy Now
In the current market sell-off, tech stocks have been taking a beating. The Federal Reserve is poised to raise interest rates several times this year, which is taking a toll on the stock market. An old saying in the stock market is "don't fight the Fed," which means investors should be careful when the Federal Reserve is raising rates.
In a rising-rate environment, growth stocks generally suffer since most of their value is based on future expectations, and rising rates undercut the present value of those expectations. Here is one growth stock that has seen a correction, though its long-term story remains intact.
Image source: Getty Images.
Source Fool.com
