Investing in growth stocks has proved to be a profitable bargain since 2009. However, these stocks also expose a portfolio to high volatility. This was seen early this year in a rotation out of growth stocks into value shares, causing many growth stocks to tank dramatically.
But it is possible to enjoy the upside potential of growth investing while limiting downside risk. For that, you need to pick companies with robust competitive advantages and solid secular tailwinds. Gaming, cloud computing, big data, and artificial intelligence are some of the more persistent trends in the market today. Building on that idea, Unity Software (NYSE: U) and LendingClub (NYSE: LC) seem to be two growth stocks that investors can buy without much hesitation. Here's why.
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2 Top Growth Stocks to Buy Right Now Without Any Hesitation