Jun 24, 2021 (StockMarket.com via COMTEX) -- Do You Have These Top Growth Stocks On Your Watchlist?
Growth stocks may have taken a beating over the past quarter, but they appear to be bouncing back in the stock market right now. Trends that were in place are reversing, and cyclical themes are showing signs of retreat. As a result, investors looking for the best growth stocks to buy will need to dig a little bit more to find a better value buy.
With growth stocks heating up right now, led mostly by the tech space, it doesn't hurt to put up a list of top tech stocks to watch. Even with the gains that the sector has enjoyed recently, many are betting that the best might be yet to come. Ultimately, what many investors are looking for is a company with a strong moat and that can stay competitive over time.
The coronavirus pandemic has certainly wreaked havoc on many businesses. But there are also companies that adapt and thrive during this challenging environment. And if you look closely enough at the options we have in the stock market today , here are five growth stocks that look set to flourish with or without the pandemic.
Best Growth Stocks To Buy [Or Avoid] Now
Apple Inc. ( NASDAQ: AAPL )
Advanced Micro Devices Inc. ( NASDAQ: AMD )
Up Fintech Holding Ltd. ( NASDAQ: TIGR )
Vertex Pharmaceuticals Inc. ( NASDAQ: VRTX )
Roku Inc. ( NASDAQ: ROKU )
What better way to optimize your portfolio by purchasing probably the most valuable brand in the world, Apple. For years, Apple has held on to its ranking as one of the most valuable publicly traded companies, thanks to its continuous innovation and a slew of product launches over the decades. From its industry-leading iPhone product line to the increasingly popular MacBook line of personal computers, Apple has a lot to offer. Additionally, the company operates a tightly-knit ecosystem that provides consumers with integrated services throughout their Apple devices.
The company has also been expanding its product offering through wearables such as the Apple Watch and AirPods, not to forget its services. In late April, the company also reported record second-quarter financials. In it, Apple reported quarterly revenue of $89.6 billion, up 54% year-over-year. It also posted earnings per diluted share of $1.40. And if you have doubts about an investment in AAPL stock, think of Warren Buffett. The Oracle of Omaha has invested $108 billion in a single company, and that is a signal of confidence in AAPL stock.
Advanced Micro Devices
Following that, we will be looking at Advanced Micro Devices Inc. (AMD). It develops computer processors and technologies for the business and consumer markets. The company boasts hundreds of millions of consumers and leading Fortune 500 businesses to rely on its technology to improve efficiency and productivity. Through its offerings, AMD offers consumers and businesses alike high-performance graphics and computing power. Logically, the company would be looking towards quantum computing to expand its current offering to the next level.