2024-02-07 06:01:00 ET
The stock market is in the middle of an important earnings season and companies are giving investors useful insights about how they finished the year amid a challenging economic climate that includes the highest interest rates in 23 years.
Digital language education provider Duolingo (NASDAQ: DUOL) and insurance technology company Lemonade (NYSE: LMND) are expected to report their latest results at the end of February. Both businesses are sensitive to changes in consumer spending, but they delivered strong growth during the first three quarters of 2023 despite the economic headwinds. That bodes well for their upcoming reports.
Investors shouldn't necessarily make decisions based on one quarterly performance, but each report could solidify a positive trend and increase their conviction. If you're sitting on idle cash -- money you don't need for immediate expenses -- here's why you might want to allocate $200 to buy shares in Duolingo and Lemonade now, with the intention of holding for the long term.
For further details see:
2 Super Stocks to Buy With $200 in February