Is now the time to be buying growth stocks instead of the flight to safety stocks?
People have been saying growth stocks were in a bubble for months. Since Feb 2021 dozens of those high fliers are now down 30-90% off their highs.
$Costco (COST.US)$ , $Waste Management (WM.US)$, $Domino's Pizza (DPZ.US)$ , $Chipotle Mexican Grill (CMG.US)$ , and $Apple (AAPL.US)$ come to mind as stocks trading at valuations that worry me the problem is unlike stuff like $Palantir (PLTR.US)$ , $DraftKings (DKNG.US)$ , weed stocks, and most of what Cathy Wood invests in. Saying COST or AAPL is overvalued can get you down voted. It is more acceptable to attack growth stocks that are down 50% or more.
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pepprick : Growth stocks are for growth. They seldom give out any reasonable dividends, choosing to do shares buy back to prop up shares prices when prices are dirt cheap.
On a longer term, growth stocks are supposed to GROW at that double digit numbers annually. If you are ok with 3-5% growth, then go for it.