4 Growth stocks with beta to lead in a rising market (NYSEARCA:SPYG) – Seeking Alpha

By DailyBubble On Sep 30, 2024 7 0

4 Growth Stocks with Beta to Lead in a Rising Market (NYSEARCA:SPYG)

Investors looking to capitalize on a rising market may want to consider adding growth stocks with a high beta to their portfolio. Beta measures a stock’s volatility in relation to the overall market, making it a useful tool for identifying stocks that tend to outperform during bullish periods.

One ETF that provides exposure to such stocks is the SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG). This ETF tracks the performance of the S&P 500 Growth Index, which includes companies with strong growth potential.

Here are four growth stocks within the SPYG ETF that have a high beta and could potentially lead in a rising market:

1. Amazon (AMZN): As a leader in e-commerce and cloud computing, Amazon has shown consistent growth over the years. With a beta of 1.54, the stock tends to move more aggressively than the overall market, making it a top pick for investors seeking growth opportunities.

2. Alphabet (GOOGL): The parent company of Google, Alphabet is a dominant player in the digital advertising space. With a beta of 1.08, the stock has shown resilience during market upswings, making it a strong contender for investors looking for growth stocks.

3. Facebook (FB): Despite recent controversies, Facebook remains a key player in the social media landscape. With a beta of 1.16, the stock has the potential to outperform in a rising market, making it a compelling choice for growth-focused investors.

4. Microsoft (MSFT): As a leader in the technology sector, Microsoft has continued to innovate and drive growth. With a beta of 1.20, the stock has demonstrated its ability to outperform in bullish market conditions, making it a solid pick for investors seeking growth opportunities.

In conclusion, growth stocks with a high beta, such as Amazon, Alphabet, Facebook, and Microsoft, have the potential to lead in a rising market. By adding these stocks to their portfolio, investors can position themselves to capitalize on market upswings and potentially achieve attractive returns.