Has the pandemic-fueled growth stock rally ended for good? Although no one can perfectly predict the market, the signs are there. The rising 10-year yield curve has made investors jittery about the possibility of capital moving away from stocks to bonds, and of the Federal Reserve having to increase interest rates . For a long time, high-growth companies have depended on cheap capital to fund their expansions. Facing the possibility of almost zero-interest capital vanishing, many investors are shifting their focus to value stocks.
However, high-growth stocks such as Shopify (NYSE: SHOP) , Advanced Micro Devices (NASDAQ: AMD) , and Intuitive Surgical (NASDAQ: ISRG) have robust balance sheets and solid structural trends. I wouldn't run away from these picks so soon.
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