With the U.S. stock markets hitting new record highs almost every day, the term “cheap growth stocks” might sound like a contradiction. First, growth stocks have rarely been “cheap” over the last decade; and second, after the largely unexpected rally over the last year, broad-market valuations appear somewhat stretched, if anything.
However, I believe SoFi (SOFI) and Tesla (TSLA) are two growth stocks worth buying this February. Both of these stocks offer strong growth prospects over the next decade, and their valuations are also lower than historical averages.
