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Best growth stocks to buy now? 2 in focus

Growth stocks belong to companies with above-average growth potential compared to other businesses in the market. The main attraction of these stocks is their potential for large capital gains. They are often innovative companies, disruptors to traditional industries, or fast-growing companies in fast-growing sectors. These companies may introduce breakthrough technologies, offer unique services, or disrupt the way things are done.

These companies typically reinvest their earnings back into their businesses to facilitate further expansion through research and development, talent, acquisitions, and more. therefore, growth stock We generally do not pay dividends to our shareholders. Instead, they promise potential future profits through stock price appreciation. They are attractive to investors who are willing to take on more risk for greater rewards, as they can be expected to have a higher return on investment.

However, it is important to remember that high return potential comes with a corresponding amount of risk. Growth stocks can bring big profits, but they can also make big losses if the company’s growth plans don’t materialize as expected. Investors should consider their risk tolerance, financial goals and market trends when investing in growth stocks. Despite the risks, growth stocks can be a worthwhile investment strategy if properly selected and balanced within a diverse portfolio. That said, here are two trending growth stocks to watch. stock market today.

Growth stocks to watch now

Snowflake (SNOW stock)

first, Snowflake Co., Ltd. (SNOW) is a technology company that provides a cloud-based data warehousing platform. The platform enables enterprises to manage and analyze large amounts of different types of data across public clouds. Snowflake’s unique architecture separates compute from storage, providing scalability, flexibility, and efficiency.

Earlier this month, Snowflake announced its reporting date for the first quarter of 2024. For more information, the company said it will report its financial results for the first quarter of 2024 after the US stock market close on Wednesday, May 24, 2023.

Year-to-date, SNOW shares are up 30.38%. Meanwhile, in Wednesday afternoon’s trading session, SNOW stock gained 0.82% on the day, trading at $176.59 per share.

Source: TD Ameritrade TOS

[Read More] 3 cyclical stocks to watch in May 2023

Palantir Technologies (PLTR stock)

number two, Palantir Technologies Inc. (PLTR) is a software company specializing in big data analytics. The company’s products are used by organizations around the world for tasks such as managing and interpreting vast amounts of information, detecting patterns and trends, and making data-driven decisions. Palantir has demonstrated its versatile applications, serving various sectors such as government, finance and healthcare.

Earlier this month, Palantir Technologies announced its financial results for the first quarter of 2023. In detail, the company posted earnings of $0.01 per share in the first quarter of 2023 and revenue of $525.2 million. Furthermore, sales increased by 17.7% year-on-year. Additionally, the company said it expects sales in the second quarter of 2023 to be in the range of $528 million to $532 million.

Since the beginning of 2023, PLTR shares are up 90.77% year-to-date. Palantir shares, meanwhile, are trading at $12.19 a share during Wednesday’s power hour trading session.

PLTR stock
Source: TD Ameritrade TOS

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The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words
Growth stocks belong to companies with above-average growth potential compared to other businesses in the market. The main attraction of these stocks is their potential for large capital gains. They are often innovative companies, disruptors to traditional industries, or fast-growing companies in fast-growing sectors. These companies may introduce breakthrough technologies, offer unique services, or disrupt the way things are done.These companies typically reinvest their earnings back into their businesses to facilitate further expansion through research and development, talent, acquisitions, and more. therefore, growth stock We generally do not pay dividends to our shareholders. Instead, they promise potential future profits through stock price appreciation. They are attractive to investors who are willing to take on more risk for greater rewards, as they can be expected to have a higher return on investment.

However, it is important to remember that high return potential comes with a corresponding amount of risk. Growth stocks can bring big profits, but they can also make big losses if the company’s growth plans don’t materialize as expected. Investors should consider their risk tolerance, financial goals and market trends when investing in growth stocks. Despite the risks, growth stocks can be a worthwhile investment strategy if properly selected and balanced within a diverse portfolio. That said, here are two trending growth stocks to watch. stock market today. Growth stocks to watch nowSnowflake (SNOW stock)first, Snowflake Co., Ltd. (SNOW) is a technology company that provides a cloud-based data warehousing platform. The platform enables enterprises to manage and analyze large amounts of different types of data across public clouds. Snowflake’s unique architecture separates compute from storage, providing scalability, flexibility, and efficiency.Earlier this month, Snowflake announced its reporting date for the first quarter of 2024. For more information, the company said it will report its financial results for the first quarter of 2024 after the US stock market close on Wednesday, May 24, 2023. Year-to-date, SNOW shares are up 30.38%. Meanwhile, in Wednesday afternoon’s trading session, SNOW stock gained 0.82% on the day, trading at $176.59 per share.Source: TD Ameritrade TOS[Read More] 3 cyclical stocks to watch in May 2023

Palantir Technologies (PLTR stock)number two, Palantir Technologies Inc. (PLTR) is a software company specializing in big data analytics. The company’s products are used by organizations around the world for tasks such as managing and interpreting vast amounts of information, detecting patterns and trends, and making data-driven decisions. Palantir has demonstrated its versatile applications, serving various sectors such as government, finance and healthcare.Earlier this month, Palantir Technologies announced its financial results for the first quarter of 2023. In detail, the company posted earnings of $0.01 per share in the first quarter of 2023 and revenue of $525.2 million. Furthermore, sales increased by 17.7% year-on-year. Additionally, the company said it expects sales in the second quarter of 2023 to be in the range of $528 million to $532 million.
Since the beginning of 2023, PLTR shares are up 90.77% year-to-date. Palantir shares, meanwhile, are trading at $12.19 a share during Wednesday’s power hour trading session.Source: TD Ameritrade TOS

If you liked this article and are interested in learning how to trade for the best chances of consistently profiting, check out this YouTube channel.
Click here now!!

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/best-growth-stocks-to-buy-now-2-in-focus Best growth stocks to buy now? 2 in focus

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