© Reuters. Consider adding these top 3 growth stocks to your portfolio
Growth stocks from the tech space gained momentum last year due to the reliance of individuals and businesses on digital platforms to stay connected amid a locked pandemic. And although the current economic recovery is leading to a sell-off of stocks that used to be the “pandemic winner” as investors shift to stock valuations, we believe that stocks do not Budding technologies Camping World (CWH), Dillard’s (NYSE 🙂 and Olympic Steel (ZEUS) have the potential to outperform larger markets in the near term. Read on and we’ll explain our point. Tech stocks have experienced a strong rally over the past year. However, most stocks that have benefited from the pandemic disruption have seen a sell-off recently.
The slowly building economic recovery is prompting investors to shift from expensive “pandemic winners” to undervalued cyclical stocks. But economic recovery has also led to the emergence of a host of new equities equipped for growth in the post-pandemic world.
Budding stocks, such as Camping World Holdings, Inc. (NYSE :), Dillard’s, Inc. (DDS) and Olympic Steel, Inc. (ZEUS), possesses solid growth attributes and has the potential to deliver solid returns in the near-term. Because their industries are slowly returning to pre-pandemic activity levels, we believe these stocks have the potential to capitalize on the recovery.
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