2 ‘Strong Buy’ Stocks Showing Monster Growth

2 ‘Strong Buy’ Stocks Showing Monster Growth

Inflation may be rising, but for now, at least, investors don't seem to mind. Both the NASDAQ and the S&P 500 are holding just below their all-time high levels, reflecting a wide-spread feeling that, with interest rates low, stocks will provide the strongest returns for the near future.

And stocks have been delivering. The S&P is up 13% year-to-date, and the NASDAQ, despite greater volatility and some weakness in the big tech companies, is up 7%. These gains come even as inflation is starting to surge; as of the end of April, the PCE inflation index was up 3.6% annually, and the Biden Administration's spending plans are likely to push that up further. The Federal Reserve, for its part, has no plans on raising interest rates yet; the combination of higher inflation and lower interest rate yields has been described as a 'transitory sweet spot' for the economy.

For retail investors, this means that now is the time to look at growth stocks. Despite some notable pullbacks, there are also some names out there which have beaten the market's overall gains in recent months, and show clear signs of more growth ahead. We've used the TipRanks platform to look up two such stocks. A look at their details, along with commentary from the Wall Street analysts, should tell why they are such compelling buys.