Published on 30 Sep 2022 on Insider Monkey via Yahoo Finance

10 Best Cheap Growth Stocks To Buy Now

In this article, we discuss the 10 best cheap growth stocks to buy now. If you want to read about some more value stocks, go directly to 5 Best Cheap Growth Stocks To Buy Now.

Two fundamental investment techniques are growth investing and value investing. Growth stocks are shares of companies that are expected to grow at a significantly faster rate than the rest of the market. Growth stocks usually do not pay dividends as the growth strategy requires reinvestments of profits in the business to generate higher returns.

In the past decade, some growth stocks outperformed the market, particularly in the technology sector. Unfortunately for growth stock investors, the rapid rise in interest rates by the Federal Reserve in 2022 has resulted in some movement out of growth stocks. Given the headwinds investors face in this macroeconomic backdrop, stocks could continue to decline if economic data fails to meet expectations. As such, it could be a good idea to diversify across different stocks and sectors. There could also be an opportunity for long term investors to buy high quality stocks given the lower valuations.