This Growth Stock Has Market-Beating Potential
It has been a difficult year for growth stocks, as a slowing economy, inflation, and higher interest rates have put up barriers to their ability to grow. Growth stocks, as measured by the Russell 3000 Growth index, are down 22.6% year to date while value stocks are only down 9%, as measured by the Russell 3000 Value index.
But there are some growth stocks that have beaten the broader market indexes in 2022 and will likely continue to do so for the long term. One of them is Visa (NYSE: V).
The stock market will surely return to a bull market status at some point -- it always does. But Visa is a rare growth stock that has been able to maintain market-beating returns during downturns as well as bull markets.
Source Fool.com
