Saturday, September 14, 2019

Growth Stocks to Buy When the Economy Slows

For this second September weekend I offer an article below from one of this week's editions of U.S. News Invested -- a list of stocks that are expected to do well if the market starts to fall.  These include companies many of us probably already own  -- Amazon, D.R. Horton, Facebook, Flowserve, Alphabet, Noble Energy, Netflix, United Rentals, NRG Energy, and Valero Energy. The article contains discussion on each.  Enjoy the rest of the weekend. 


U.S. News & World Report
Invested
Advice, rankings and stock market news for investors.
Sept. 10, 2019

TODAY'S BIG IDEA

Growth Stocks to Buy When the Economy Slows

With economists around the world dialing back economic growth forecasts for 2019 and beyond, it may become increasingly difficult for investors to find reliable growth stocks to buy.

Bank of America recently updated its Growth 10 list of top growth stocks for long term investors to buy. Here are the firm’s top growth stock picks.

1. Amazon.com (ticker: AMZN). Year after year, Amazon reports impressive growth numbers and more often than not its stock generates market beating returns. Amazon shares are up 24% year to date. Bank of America has a “buy” rating and $2,350 price target for AMZN stock.

2. D.R. Horton (DHI). D.R. Horton is the largest public homebuilder in the U.S. Analyst John Lovallo II says the company’s focus on the entry level housing market and its exceptional management team make it one of the best ways to play a strong U.S. housing market. Bank of America has a “buy” rating and $55 price target for DHI stock. – Wayne Duggan

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