2024-07-27 08:00:00 ET
The market indexes have surged to new highs this year, but there are a handful of growth stocks with solid long-term prospects that offer excellent value to investors right now. A few of these stocks have fallen to new lows, which could be a once-in-a-decade opportunity to buy them at a discount.
To give you some ideas, let's see why three Motley Fool contributors believe now's a great time to scoop up shares of Nike (NYSE: NKE) , Lululemon Athletica (NASDAQ: LULU) , and Amazon (NASDAQ: AMZN) .
Jeremy Bowman (Nike): There's no question that Nike is struggling right now. The sneaker king has reported anemic growth in its last several quarters as it's losing market share to upstart rivals like On Holding , Deckers' Hoka and Lululemon , and it's struggled with weak consumer spending in North America and elsewhere. Its Major League Baseball jerseys have been roundly jeered, turning what seemed to be a big win for the brand into a loss, and its brand seems to be losing its luster.
For further details see:
3 No-Brainer Stocks to Buy With $300 Right Now