During challenging times, it is wise to consider investing in resilient growth stocks. These are companies that exhibit strong revenue and earnings growth, reinvesting their earnings for further expansion rather than distributing dividends. Investors are typically attracted to growth stocks for their potential for exponential growth and market-beating returns.
One such resilient growth stock to consider is Advanced Micro Devices (AMD). This company, listed on the NASDAQ under the ticker symbol AMD, has shown significant growth potential. With recent advancements in artificial intelligence technology, AMD is well-positioned to capitalize on the increasing demand for AI chips.
Another company worth looking into is Tesla (TSLA), despite facing various challenges. With the expected surge in electric vehicle sales in 2024, Tesla could see a boost in its sales and revenue. The company’s strategic focus on launching newer, more affordable electric vehicles could further drive its growth.
Microsoft (MSFT) is another resilient growth stock that investors should consider. With its diverse range of products and services, including operating systems, cloud services, and artificial intelligence, Microsoft has established itself as a tech giant. The company’s foray into AI technology is expected to drive future growth and revenue.
For those looking for a diversified approach to investing in growth stocks, the Schwab U.S. Large Cap Growth ETF (SCHG) is a suitable option. This ETF offers exposure to a portfolio of 249 holdings, including top companies like Microsoft, Nvidia, Apple, Amazon, Meta Platforms, and Alphabet. With a history of outperforming the S&P 500, the SCHG ETF provides investors with a cost-effective way to diversify their investment portfolio.
Similarly, the Vanguard Growth ETF (VUG) is another ETF worth considering for exposure to the top 200 growth stocks in the US market. With top holdings in companies like Microsoft, Apple, Nvidia, Amazon, and Alphabet, the VUG ETF has shown strong performance over time and is backed by a Strong Buy consensus rating.
Mastercard (MA) is a growth stock that has recently experienced a dip in its share price, presenting a buying opportunity for investors. With a strong double-bottom support at $440, Mastercard is expected to bounce back and retest its prior high of $490. Analysts are optimistic about MA’s revenue growth potential, driven by its robust ecosystem and partnerships within the digital payments sector.
Lastly, Zscaler (ZS) is a leading player in zero trust and cloud cybersecurity, offering innovative solutions powered by AI technology. With a recent focus on AI data protection platforms, Zscaler is well-positioned to address the evolving security challenges in the digital landscape. Strong earnings performance and revenue forecasts indicate promising growth potential for Zscaler in the future.