As the name suggests, “growth stocks” are expected to yield exponential increases in earnings and revenue, and these companies will often sidestep quarterly dividend payouts in favor of reinvesting in their own growth. The trade-off for outsized share price returns is often higher volatility; these stocks easily outperformed during the first half of the year - but as concerns over a hawkish Fed crept back into markets over the past month, they were the first names punished with heavy selling.
Now that markets are moving higher off last month's lows, it's a good time to survey the landscape of growth stocks for potential buy-the-dip opportunities. For investors looking to join in on the next leg higher as growth stocks resume their uptrend, here are two stocks poised for long-term gains.
