The market is not only technically overbought at this time, but arguably on shaky fundamental ground. High inflation is slowly chipping away at the economy, and the steep valuations of artificial intelligence (AI) stocks that performed so well when the AI revolution was still young are now being questioned.
Nevertheless, there are compelling growth stocks out there. You just might need to dig a little deeper than you normally would to find them. Here are three suggestions to get your search started.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
For the entirety of Plug Power's (NASDAQ: PLUG) 29-year existence, it's been unprofitable, and increasingly so. For most of this time, plenty of observers wondered why the hydrogen fuel cell company was so willing to stick with what seemingly looked like a lost cause.
Now we know. This technology is finally moving into the mainstream, offering the company a chance to reach enough scale that profitability is at least possible.