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Here Are My Top 3 Growth Stocks to Buy Right Now

Stock Markets9 minutes ago (Jul 01, 2021 11:02AM ET)

(C) Reuters. Here Are My Top 3 Growth Stocks to Buy Right Now

As the global economic recovery gains pace, quality growth stocks are making a comeback in investors’ portfolios. And the continuation of near-zero interest rates should fuel the growth of several companies. PetroChina (PTR), Starbucks (SBUX), and Vale (VALE) are examples of companies that we think possess solid growth attributes. So, we think it could be wise to scoop up their shares now. Let’s discuss why in more detail.Many investors jumped out of expensive growth stocks and into quality cyclical stocks earlier this year to capitalize on the economic recovery. But investors’ interest in growth stocks has been returning lately. This is evidenced by the SPDR Portfolio S&P 500 Growth ETF’s (SPYG) 5.4% returns over the past month versus the SPDR Portfolio S&P 500 Value ETF’s (SPYV) 1.7% loss and the SPDR S&P 500 Trust ETF’s (SPY) 1.9% gains over the same period. People’s gradual return to “analog” lifestyles as COVID-19 restrictions are removed, along with continued fiscal and monetary policy support for economies, should help many stocks generate solid growth in the coming quarters.

The Fed has said that it expects to make at least two interest rate hikes in late 2023 but has left interest rates unchanged for now. Furthermore, the Conference Board expects U.S. real GDP growth to be 6.6% in 2021. These factors should bode well for growth-focused stocks.

So, we think it could be wise to bet now on PetroChina Company (OTC:PCCYF) Limited (PTR), Starbucks Corporation (NASDAQ:SBUX), and Vale S.A. (VALE). Each has solid growth prospects.

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Here Are My Top 3 Growth Stocks to Buy Right Now

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