Growth stocks were hit especially hard during this bear market. For those investors with $1,000 available to invest, there are several discounted growth stocks to choose from. As businesses normalize and valuations return to more normal levels, three growth stocks that emerge as buys today are Shopify (NYSE: SHOP), Tradeweb Markets (NASDAQ: TW), and Block (NYSE: SQ).
Although we are only one month into 2023, companies such as Microsoft, Amazon, Alphabet, Shopify, Spotify, and Salesforce.com (NYSE: CRM) have all announced layoffs. One notable investor, Michael Burry, who famously predicted the housing collapse in 2008, has recently called out Salesforce.com in a recent Twitter thread. While investors were pleased to read the news regarding layoffs, Burry believes that this reaction is short-sighted and that tough times are ahead for the customer relationship management (CRM) leader.
Tesla (NASDAQ: TSLA) and Shopify (NYSE: SHOP) are among Cathie Wood's top holdings. In this video, I will evaluate these two growth stocks to determine which is the better stock to buy. *Stock prices used were the afternoon prices of Jan.