AXON - 2 Cheap Growth Stocks to Buy Now and Hold Forever
Since the Nasdaq Composite peaked in November, it is down by about 17%, and had plunged by even more. Concerns about inflation, the Federal Reserve's plans to fight it, and the strength of the economy have weighed on investors' minds. The growth-heavy index is still firmly in correction territory after a trip to bear country. However, the broad-based sell-off has created a number of buying opportunities.
For instance, Amazon (NASDAQ: AMZN) and Axon Enterprise (NASDAQ: AXON) have strong prospects for growth, and both are trading at discounts to their historical average valuations.
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2 Cheap Growth Stocks to Buy Now and Hold Forever