My 2 Best Growth Stocks to Buy Now
Investing in growth stocks has proved to be a highly profitable strategy in the past two years. Companies that prioritized growth over profitability at any cost have especially thrived in the low-interest environment. However, this situation will soon change, considering that U.S. inflation has proven to be far stickier than previously estimated.
In October 2021, the U.S. consumer price index (used to gauge inflation) jumped by 6.2% year over year, the highest spike since December 1990. Subsequently, the U.S. Federal Reserve is now mulling over reducing monthly bond-buying. In this macroenvironment, only those growth stocks with solid competitive advantages and economies of scale have a good chance of thriving.
Building on this idea, SoFi Technologies (NASDAQ: SOFI) and Airbnb (NASDAQ: ABNB) appear poised to succeed in this market and appear to be good buys. Here's why.
Source Fool.com
