Over the past year, growth stocks have been plagued by the Fed’s aggressive interest rate hikes. When interest rates move higher, growth stocks look less attractive to investors. With inflation falling, the Fed is looking toward smaller rate hikes this year.
After a year of consolidation, growth stocks, Salesforce, Inc. (CRM), McKesson Corporation (MCK), and ADT Inc. (ADT), could prove to be favorable investments for potential gains in 2023.
