CHWY - 3 Top Stocks to Buy in April
2023-04-01 08:00:00 ET
Stocks of growing companies have fallen well off their highs over the last year. Of course, it's business performance, not the stock, that matters. Despite inflation and other economic headwinds that have hurt some companies lately, there are many other great companies that continue to perform well.
Chewy (NYSE: CHWY) , Lululemon Athletica (NASDAQ: LULU) , and AutoZone (NYSE: AZO) are three promising growth stocks that could rise over the next few years and beyond. Let's look at what three Motley Fool contributors have to say about their prospects.
John Ballard (Chewy): Chewy is positioning itself as the leading online brand for pet supplies. It's a massive opportunity valued at $130 billion in the U.S. alone. Despite slowing growth across the e-commerce market last year amid inflation and other economic headwinds, Chewy still posted record sales and profits last year. The haircut in the stock price provides long-term investors a great opportunity to jump on board before the e-commerce market recovers.
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3 Top Stocks to Buy in April