BIP - Got $2000? Here Are 2 Beaten-Down Growth Stocks to Buy Right Now
2023-07-27 07:14:00 ET
The S&P 500 has bounced back sharply from its bear market bottom last year on optimism that the economy can avoid a recession. That broad market index currently sits less than 5% below its all-time high after being down more than 20% last fall.
However, some stocks still haven't recovered from their bear market thrashing. Brookfield Infrastructure Partners (NYSE: BIP) and Prologis (NYSE: PLD) remain down more than 20% from their peaks despite their continued strong growth. That makes them look like great buys right now for those investors with around $2,000 that they want to invest in growth stocks trading at a relatively bargain price.
Brookfield Infrastructure has an exceptional growth track record. The global infrastructure operator has delivered 11% compound annual funds from operations (FFO) per unit growth over the last decade. That has given it the power to grow its cash distribution at a 9% compound annual growth rate.
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Got $2,000? Here Are 2 Beaten-Down Growth Stocks to Buy Right Now