TREX - Got $1000? 3 Growth Stocks to Buy That Could Double Your Money
Last year was brutal for many investors. The major averages had their worst year since 2008. Many stocks have been cut in half or more. That means they need to at least double to get back to where they were. Of all the stocks that are down at least 50%, Shopify (NYSE: SHOP) , Trex (NYSE: TREX) , and Align Technology (NASDAQ: ALGN) are three that have a great chance at doubling your money in the foreseeable future. Here's why.
Some companies saw a pronounced spike in growth during the pandemic. In hindsight, the temporary nature of that jump is obvious. It wasn't while it was happening. To his credit, Shopify CEO Tobi Lütke owned up to his miscalculation in a July 2022 letter to employees announcing the layoff of about 10% of staff. The stock has lost three-quarters of its value from the peak. But that could represent an opportunity to own one of the most important players in e-commerce. The same can't be said for other well-known beneficiaries of the pandemic.
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Got $1,000? 3 Growth Stocks to Buy That Could Double Your Money