JAZZ - 2 Dirt Cheap Growth Stocks to Buy and Hold for Years
Buying stocks right now can seem like a bad idea given that the stock market isn't on firm footing, with the S&P 500 down 16% this year. But the volatility in 2022 can create some attractive buying opportunities for long-term investors.
A couple of attractive stocks to buy right now are Jazz Pharmaceuticals (NASDAQ: JAZZ) and Alibaba Group Holding (NYSE: BABA) . These stocks don't trade at inflated earnings multiples, and they have some great growth potential in the years ahead.
Jazz Pharmaceuticals is a drugmaker that transformed its business last year with the $7.2 billion acquisition of GW Pharmaceuticals, the company behind the only cannabis-based drug on the market, Epidiolex, that has obtained approval from the Food and Drug Administration. That has helped diversify Jazz's portfolio, which also includes products that treat narcolepsy and cancer.
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2 Dirt Cheap Growth Stocks to Buy and Hold for Years