2 Super Growth Stocks to Buy With $5,000 Right Now
Investing your money in the right growth stocks can help you earn superior returns to the market averages. The safest way to proceed is to focus on industry-leading companies that still have a long runway of growth ahead.If you have an extra $5,000 you don't need for living expenses or reducing debt, Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI) are promising growth stocks to bet on right now. Here's why they are poised for above-average returns.Amazon has delivered extraordinary returns over the last few decades. It has captured the largest share of e-commerce, with double the online sales of Walmart in the U.S., according to Statista. Amazon also has fast-growing revenue streams from cloud computing and other non-retail services. The stock has an expensive-looking market cap of $2.3 trillion, but it still looks undervalued based on the company's booming profitability.Continue reading
Investing your money in the right growth stocks can help you earn superior returns to the market averages. The safest way to proceed is to focus on industry-leading companies that still have a long runway of growth ahead.
If you have an extra $5,000 you don't need for living expenses or reducing debt, Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI) are promising growth stocks to bet on right now. Here's why they are poised for above-average returns.
Amazon has delivered extraordinary returns over the last few decades. It has captured the largest share of e-commerce, with double the online sales of Walmart in the U.S., according to Statista. Amazon also has fast-growing revenue streams from cloud computing and other non-retail services. The stock has an expensive-looking market cap of $2.3 trillion, but it still looks undervalued based on the company's booming profitability.
