Growth stocks can be defined as companies that increase their revenue, share prices, cash flow or profits at a faster rate compared to the broader market. Rather than derive income from dividends, investors pick these stocks in an attempt to benefit from capital appreciation over time. In times of economic expansion, such companies typically outperform their value counterparts.
However, that era of ever-expanding stock valuations and low-interest rates has come to an end abruptly. Investors who are concerned about rate hikes have abandoned growth stocks and have turned to value stocks.
While more downside could be on the horizon, these more attractive levels could set up for explosive growth during the next bull market. Here are three stocks I think have the potential for high growth over the long term, which are worth a buy at these lower levels.
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