CPNG - 2 No-Brainer Growth Stocks to Buy Now With $20 and Hold Long-Term
2024-02-06 05:30:00 ET
The U.S. stock market had a fantastic 2023. The benchmark S&P 500 advanced 24% as economic growth continued unabated in spite of recession fears. And the technology-heavy Nasdaq Composite skyrocketed 43% as investors were swept away by excitement surrounding artificial intelligence.
Admittedly, valuations are elevated compared to a year ago, but there are still stocks worth buying. Palantir Technologies (NYSE: PLTR) and Coupang (NYSE: CPNG) trade at reasonable prices in relation to likely growth trajectories, and both stocks are inexpensive at less than $20 per share.
Here's what investors should know.
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2 No-Brainer Growth Stocks to Buy Now With $20 and Hold Long-Term