The Smartest Growth Stock to Buy With $1,000 Right Now

Many growth stocks stumbled in 2022 and 2023 as rising interest rates compressed their valuations and drove investors toward more conservative investments. But in 2024, many of those stocks soared as interest rates declined again.Yet that buying frenzy also drove the major indexes to their all-time highs and inflated the valuations of many of the market's top stocks. In this kind of market, many investors might be getting reluctant to add more growth stocks to their portfolios.That caution is warranted, but there are still plenty of high-flying tech stocks trading at reasonable valuations. One of those winners is Broadcom (NASDAQ: AVGO), which still has a bright future after nearly doubling in value over the past 12 months. Here's why Broadcom is still a great place to park a modest $1,000 investment.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool