4 Must-Own Growth Stocks to Buy on the Dip
StockNews
Published Dec 01, 2021 03:13PM ET
Updated Dec 01, 2021 04:31PM ET
4 Must-Own Growth Stocks to Buy on the Dip
Record highs in consumer spending and supportive fiscal policies are projected to drive the growth of several companies in the upcoming months. Consequently, we believe Micron Technology (NASDAQ:MU), HP Inc. (NYSE:HPQ), Dick’s Sporting Goods (DKS), and ZIM Integrated Shipping Services (ZIM), are solid buys. Read on to learn more. .U.S. stock indexes are trading higher today shrugging off concerns over the omicron coronavirus variant. Although the economy is under inflationary pressure, a recent decline in weekly jobless claims and President Biden’s declaration for fewer travel restrictions and lockdowns should keep the market’s momentum alive.
Moreover, the surge in U.S consumer spending in the holiday season should support the market’s rally. Therefore, it could be wise to bet on fundamentally sound growth stocks as they tend to outperform broader markets in times of economic recovery. Investors’ interest in growth stocks is evident from the SPDR Portfolio S&P 500 Growth ETF’s (SPYG) 33% gains over the past year.
Micron Technology, Inc. (MU), HP Inc. (HPQ), Dick’s Sporting Goods, Inc. (DKS), and ZIM Integrated Shipping Services Ltd. (ZIM), which have recently witnessed price dips, could be solid bets now. They possess solid growth attributes and are expected to gain in the upcoming months.
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