Even though the stock market has performed miserably lately, and throughout most of 2022, macroeconomic data shows there is reason to be hopeful equities can rebound meaningfully sooner rather than later. Moreover, unlike in April, May and June, a significant number of non-defensive stocks across numerous sectors are holding their own and even advancing on some big down days. As a result, it’s much easier for short- and medium-term investors to find promising growth stocks to buy than it was in the second quarter.
Underlying my confidence in the market is the fact that U.S. consumer confidence just hit its highest level since April. The Conference Board’s Consumer Confidence Index rose to 108 this month from 103.6 in August, beating expectations despite recession fears. Furthermore, despite the drag of rapidly rising interest rates, sales of new houses unexpectedly surged nearly 29% in August compared with July.
If you’re looking for hidden bull market opportunities, here are seven growth stocks to buy.
This post originally appeared at InvestorPlace.