The U.S. equity market entered a turbulent zone in September, with volatility driven by worries about inflation and the impact that sharply rising COVID-19 cases could have on the economy. Investors are also concerned that the Federal Reserve may reduce its monetary stimulus activities in the coming months, which could negatively impact growth stocks. And most recently, the market has also been shaken by the possibility of a massive debt default by China's second-largest property developer, China Evergrande Group (OTC: EGRN.F) , which could greatly impact the nation's economy.
Amidst all this chaos, lies opportunity. The share prices of many fundamentally strong growth companies have recently declined with the market turbulence -- among them were Shopify (NYSE: SHOP) , Nvidia (NASDAQ: NVDA) , and Square (NYSE: SQ) . Investors could position themselves to earn handsome returns by picking up these stocks at a discount now.
Image Source: Getty Images
For further details see:
3 Growth Stocks That Expect to Boost Sales by at least 180% in the Next 5 Years