7 Growth Stocks to Consider for Big Gains in the Fourth Quarter
Undervalued growth stocks have the potential to conclude 2022 on a positive note.
Consider These Growth Stocks
Coupang (NYSE:CPNG): With a positive adjusted EBITDA forecast for 2022, the stock is predicted to rise.
Riot Blockchain (NASDAQ:RIOT): The Bitcoin miner looks to have reached its low point.
Li Auto (LI): The firm has enough cash on hand to pursue aggressive retail development.
DraftKings (NASDAQ:DKNG): A reduction in adjusted EBITDA losses is a significant positive catalyst for the stock.
Solid Power (NASDAQ:SLDP): Shares may rise if the companys battery pilot testing is successful.
Tenable (NASDAQ:TENB): A high level of recurring income ensures cash flow visibility.
Transocean (NYSE:RIG): The offshore driller has received several significant orders.
The markets are at an intriguing moment for short-to-medium-term investors. Regarding average returns, September has historically been the worst-performing month for the S&P 500. However, the months of November, December, and January are among the greatest. As a result, this may be a good moment for investors to start searching for discounted growth companies to purchase.
A volatile September might provide a chance to purchase such names at a bargain and then enjoy the gains in the fourth quarter. Of course, considering the headwinds that investors are up against, the most notable of which being rising inflation, interest rate rises, and the possibility of a recession, its likely that optimistic returns may not be seen for a more extended period. However, current market circumstances provide long-term investors with an opportunity to purchase solid growth equities over the next five years.
As a result, my selection of growth companies stocks to purchase in September concentrates on those that may be traded for Q4 gains in the short term but should be considered for a long-term portfolio.
Featured Image- Megapixl @ Ralfliebhold
Author: Okoro Chinedu
Market Jar Media Inc.
#170 – 422 Richards Street
Vancouver, BC, Canada
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No News Postbox journalist was involved in the writing and production of this article.