MP - 1 Under-the-Radar Growth Stock to Buy in May
With pessimism running rampant in the markets, finding a quality growth stock to add to your portfolio might not seem like the most pressing need right now. Savvy investors know, however, that it's times like these that are often the greatest buying opportunities. While many investors are searching for defensive positions, grabbing a quality growth stock can lead to serious long-term gains.
Fortunately, investors with the resolve to withstand the current volatility don't need to look far. MP Materials (NYSE: MP) is a great growth stock poised to prosper as the electric vehicle (EV) industry accelerates, and it's worth digging into.
Unfamiliar with what MP Materials does? You're not alone. Mining companies usually don't make headlines, but the other factor behind the company's apparent anonymity is the fact that it hasn't been available to Main Street investors for too long. The company only made its debut on the public markets via SPAC in November 2020.
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1 Under-the-Radar Growth Stock to Buy in May