3 Top Growth Stocks to Buy Right Now
If you’re looking to supercharge your investing returns, growth stocks can make a big difference. That’s particularly true if you can find — and buy — them on sale. When it happens, those opportunistic buys can lead to tremendous gains.
Three Motley Fool contributors have identified leading Chinese e-commerce services provider Baozun Inc. (NASDAQ:BZUN), renewable energy equipment supplier SolarEdge Technologies Inc. (NASDAQ:SEDG), and high-growth entry-level homebuilder LGI Homes Inc. (NASDAQ:LGIH) as growth stocks worth buying right now.
So far this year, the market has been negative on all three, which are down between 27% and 38% from their highs. Here’s why we think this short-term sell-off has created a wonderful long-term opportunity.
A Chinese e-commerce star on sale
Jeremy Bowman (Baozun): The last few months have been tough on Chinese stocks. TheSPDR S&P China ETF has fallen 14% over the last three months on growing concerns about a trade war between the U.S. and China and that has pressured stocks like Baozun, which has lost 26% during that time.
Prospects for this solar star are still bright
Rich Smith (SolarEdge): With California on the cusp of passing a law requiring 100% renewable energy in its electric grid by 2045, I think solar is a great place to look for top growth stocks to buy right now.
This hypergrowth homebuilder is too cheap to ignore
Jason Hall (LGI Homes): So far this year, this small Texas-based homebuilder has reported two great quarters, and is on track to deliver by far its best year ever. Home sales were up 44% in the first half of the year, while net income surged 70%.
Things are going so well that management even raised its full-year guidance for home closings and earnings per share.