Growth investors have experienced significant volatility since the beginning of 2020. The dramatic recovery from pandemic lows gave way to painful declines in the 2022 bear market. Data is critical to companies operating in the cloud.
If you've got $3,000, here are three growth stocks to double up on right now. Amazon (NASDAQ: AMZN) has gotten off to a great start this year, with shares jumping around 16%. There are two main reasons behind Amazon's weak stock performance.
This is undoubtedly true recently, as the collapse of Silicon Valley Bank (a subsidiary of SVB Financial) and other banks caused turmoil. Rising interest rates, stubborn inflation, and a wave of tech layoffs have also kept Wall Street on edge. Secular growth industries, excellent free cash flow, and persistent high performance are some things I look for in the companies I seek to invest in.