With the broad market correction and revision of growth estimates, there is a solid list of growth stocks trading at a discount. However, considering the factors of inflation and a potential recession, investors have been inclined to buy blue-chip stocks.
Of course, I agree that it’s time to remain overweight on large-cap stocks that have a low beta. At the same time, though, growth stocks trading at a huge discount can be considered. Once market sentiments reverse, growth stocks will outperform large-cap stocks.
I must add that with economic uncertainties, I would buy growth stocks in a systematic investment plan (SIP) mode. In simple words, if I had $100 to allocate towards growth stocks, I would put $20 each month in my basket of selected stocks.
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