PLTR - 2 Growth Stocks to Buy With $1000 Right Now
2023-12-01 10:15:00 ET
2022 was quite a disappointing year for the stock market, with U.S. equities posting their worst performance of the past decade. However, 2023 looks likely to end on a more promising note, especially after higher-than-expected real gross domestic product growth (a measure of inflation-adjusted economic activity) and lower-than-anticipated inflation in the third quarter.
In this improving macroeconomic environment, it makes sense for retail investors to opt for stocks of fundamentally strong companies riding secular tailwinds. In case you have $1,000 not required for paying bills or other contingencies, you could potentially generate solid returns by investing in growth stocks such as Palantir Technologies (NYSE: PLTR) and Confluent (NASDAQ: CFLT) . Here's why.
Long before the investment community became aware of the power of proprietary data, Palantir Technologies' software platform was helping U.S. military and intelligence agencies uncover trends and patterns in signal intelligence reports and confidential informant reports.
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2 Growth Stocks to Buy With $1,000 Right Now