Buy These 4 Undervalued Growth Stocks Before It’s Too Late

Even though investors rotated away from expensive growth stocks earlier this year, the solid economic recovery has been driving a renewed and increasing focus by investors on growth stocks given their ability to grow faster, capitalizing on supportive economic policies. The revival of investor interest in growth stocks is evident in the SPDR Portfolio S&P 500 Growth ETF (SPYG) and Vanguard Growth Index Fund ETF Shares’ (VUG) 3.4% and 4% gains, respectively, over the past month. This compares to the SPDR S&P 500 Trust ETF’s (SPY) 1.3% returns over the same period…

The United States’ gross domestic product (GDP) increased at a 6.4% annual rate in the first quarter of 2021. And according to The Conference Board, the U.S.’ real GDP is expected to rise 9% in the second quarter of 2021. Furthermore, even though the Federal Open Market Committee (FOMC) said on June 16 that at least two interest rate hikes are expected in 2023, interest rates have been left at near-zero for now.

So, we think it could be wise to bet on stocks that are still out of favor but possess solid growth attributes. We think Daimler AG (DDAIF – Get Rating), Regeneron Pharmaceuticals, Inc. (REGN – Get Rating), POSCO (PKX – Get Rating), and Covestro AG (COVTY – Get Rating) fit the bill. They are currently trading at discounts to their peers but hold immense growth potential…

Continue reading at STOCKNEWS.com

You May Also Like

About the Author: admin

Leave a Reply

Your email address will not be published. Required fields are marked *