RBLX - 3 Growth Stocks to Buy in August Before They Skyrocket
2023-08-05 08:00:00 ET
With the Nasdaq Composite up 33% this year, finding good deals in the market is getting harder. But three Motley Fool contributors see upside in Starbucks (NASDAQ: SBUX) , Roblox (NYSE: RBLX) , and MercadoLibre (NASDAQ: MELI) . Let's see why these top growth stocks could take off.
Jennifer Saibil (Starbucks): It's full steam ahead for coffee king Starbucks. Despite inflation and an increasingly competitive landscape, Starbucks is posting growth, opening new stores, and showing it's as relevant as ever.
That doesn't mean it's not dealing with any challenges. The previous chief executive left amid the company's strategy feeling outdated in a new era of digital and delivery. Former CEO Howard Schultz returned for a third stint to lead the company into its next phase, and after identifying a new way forward, he recently handed the reins over to current CEO Laxman Narasimhan.
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3 Growth Stocks to Buy in August Before They Skyrocket