TDOC - Got $1000? These Stocks Are Growing Sales by 100% and Are Still Bargains
What a tale of two markets 2020 has turned out to be. During the first quarter, investors endured the fastest bear-market nosedive in history, with the benchmark S&P 500 shedding 34% of its value in less than five weeks. This was followed by the strongest quarterly rally in 22 years, and has been backed up by more than 30 record-closing highs for the technology-heavy Nasdaq Composite. To say that volatility has been off the charts would be a gross understatement.
Then again, volatility is actually the friend of long-term investors. That's because it usually results in great stocks being priced at a discount, thereby allowing patient investors the opportunity to swoop in and buy innovative companies on the cheap.
In particular, we've witnessed high-growth stocks soar during the coronavirus disease 2019 (COVID-19) rebound. Seemingly, the faster the sales growth, the more robust the returns have been of late.