The 10 Best Growth Stocks to Buy Now in May | The Motley Fool (2024)

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By Parkev Tatevosian, CFA–May 3, 2024 at 3:05AM

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Market Cap

$2,374B

Today's Change

(8.99%)$85.41

CurrentPrice

$1,034.91

Price as of May 23, 2024, 2:46 p.m. ET

Investing in growth stocks can be an excellent strategy to boost your long-term wealth.

Fool.com contributor Parkev Tatevosian has identified 10 growth stocks that offer long-term investors an excellent value.

*Stock prices used were the afternoon prices of April 30, 2024. The video was published on May 2, 2024.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has positions in Alphabet and PayPal. The Motley Fool has positions in and recommends Alphabet, Amazon, Chewy, Fiverr International, Fortinet, Nvidia, PayPal, Salesforce, and Uber Technologies. The Motley Fool recommends the following options: short June 2024 $67.50 calls on PayPal. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

The 10 Best Growth Stocks to Buy Now in May | The Motley Fool (2024)

FAQs

What is the best growth stock to buy right now? ›

Additionally, analysts expect Amazon to continue growing revenue at a double-digit pace both this year and in 2025. For investors looking for a growth stock with staying power, it's time to consider Amazon.

What are the top ten stocks to buy right now? ›

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Company (ticker)Analysts' consensus recommendation scoreAnalysts' consensus recommendation
Amazon.com (AMZN)1.29Strong Buy
Nvidia (NVDA)1.33Strong Buy
Microsoft (MSFT)1.33Strong Buy
Bio-Techne (TECH)1.39Strong Buy
21 more rows

Which stock will boom in 2024? ›

  • Overview of Best Shares in India. ...
  • Tata Consultancy Services Ltd: ...
  • Infosys Ltd: ...
  • Hindustan Unilever Ltd: ...
  • Reliance Industries Ltd: ...
  • HDFC Bank Ltd: ...
  • Factors To Consider Before Investing in Top 5 Stocks.
5 days ago

What stocks to invest in May 2024? ›

Best stocks by one-year performance
CompanyPerformance (Year)
Eaton Corporation plc (ETN)83.60%
Leidos Holdings Inc (LDOS)81.98%
Meta Platforms Inc (META)81.64%
Arista Networks Inc (ANET)81.30%
17 more rows
5 days ago

What is the fastest growing stock today? ›

Day Gainers
SymbolName% Change
GPSThe Gap, Inc.+28.60%
SAMThe Boston Beer Company, Inc.+22.33%
AMBAAmbarella, Inc.+20.60%
PENNPENN Entertainment, Inc.+19.62%
21 more rows

What is the most steady growing stock? ›

*Based on current CFRA 12-month target prices.
  • Nvidia Corp. (NVDA) ...
  • Alphabet Inc. (GOOG, GOOGL) ...
  • Meta Platforms Inc. (META) ...
  • JPMorgan Chase & Co. (JPM) ...
  • Tesla Inc. (TSLA) ...
  • Mastercard Inc. (MA) ...
  • Advanced Micro Devices Inc. (AMD) ...
  • Intuit Inc. (INTU)
3 days ago

What are the top 5 shares to buy today? ›

Today's Poll
  • Stock to buy today: Raymond (₹2,011.25): BUY.
  • Stock to buy today: NMDC Steel (₹65.9): BUY.
  • Stock to buy today: Petronet LNG (₹288.20): BUY.
  • Stock to buy today: Indraprastha Gas (₹475.35): BUY.
  • Stock to buy today: Sudarshan Chemical Industries (₹609.3)
  • Stock to buy today: Data Patterns (India) (₹2,238.60): BUY.

Which penny stocks to buy now? ›

That being said, here are some top penny stocks to buy.
  • OPKO Health (OPK) Source: Roman Zaiets / Shutterstock.com. OPKO Health Chairman and Chief Executive Officer (CEO) Phillip Frost, M.D. ...
  • Corvus Pharmaceuticals (CRVS) Source: shutterstock.com/Champhei. ...
  • Intrusion (INTZ) Source: BeeBright / Shutterstock.
2 days ago

What is the best stocks to buy right now for beginners? ›

Compare the best stocks for beginners
Company (Ticker)SectorMarket Cap
Broadcom (AVGO)Technology$644.47B
JPMorgan Chase (JPM)Financials$568.91B
UnitedHealth (UNH)Health care$463.58B
Comcast (CMCSA)Communication services$148.86B
2 more rows

Which stock will boom today? ›

Top Gainers
CompanyMarket Price
Tata Power Company₹436.75 (0.00%)
Canara Bank₹118.00 (0.00%)
GAIL (India)₹204.30 (0.00%)
Ambuja Cements₹634.05 (0.00%)
16 more rows

Which penny stock is best for 2024? ›

Penny Stocks with Most Gains in 2024 so far
CompanyCurrent PriceChange in 2024 (%)
Nitco Ltd.70.1124%
Manaksia Coated Metals & Industries Ltd.63.0118%
RattanIndia Power Ltd.19.2108%
IFCI Ltd.58.2101%
7 more rows
1 day ago

What are three good stocks to invest in? ›

The 9 Best Stocks To Buy Now
Company (Ticker)Forward P/E Ratio
The Progressive Corporation (PGR)8.6
Alphabet, Inc. (GOOG, GOOGL)13.2
Intuitive Surgical, Inc. (ISRG)52.2
Tapestry, Inc. (TPR)12.3
5 more rows

Is amzn stock a buy? ›

Of the 65 Amazon stock analysts following the company, 95% hold a buy rating, according to FactSet. Further, FactSet data shows those analysts have, on average, set a 12-month price target of 222.15 for Amazon stock, according to FactSet.

What is an example of a good stock to buy in a recession expansion? ›

7 Stocks That Outperform in a Recession
StockImplied upside from May 21 close
Walmart Inc. (ticker: WMT)-0.2%
Abbott Laboratories (ABT)22.4%
Synopsys Inc. (SNPS)9.2%
Accenture PLC (ACN)27.5%
3 more rows

What stocks does Warren Buffett own? ›

Top 8 holdings in the Warren Buffett portfolio
  • Apple (AAPL).
  • Bank of America (BAC).
  • American Express Co. (AXP).
  • Coca-Cola Co. (KO).
  • Chevron (CVX).
  • Occidental Petroleum (OXY).
  • Kraft Heinz (KHC).
  • Moody's Corp. (MCO).

Which is the fastest growing stock? ›

FAST GROWING STOCK
S.No.NameROCE %
1.Coal India65.11
2.Dr Reddy's Labs26.86
3.Bajaj Holdings13.07
4.P I Industries23.81
23 more rows

Which stock will grow high today? ›

200 Companies under Top Gainers
CompanypriceRs.Change%
GE T&D India1,360.35+4.93%
Maruti Infra175.75+4.93%
Hind Hardy450.50+4.71%
ICRA5,809.00+4.51%
156 more rows

What is the most profitable stock to buy? ›

The 9 Best Stocks To Buy Now
Company (Ticker)Forward P/E Ratio
Spotify Technology S.A. (SPOT)20.9
The Progressive Corporation (PGR)8.6
Alphabet, Inc. (GOOG, GOOGL)13.2
Intuitive Surgical, Inc. (ISRG)52.2
5 more rows
2 days ago

How do you pick a good growth stock? ›

Look for companies that are experiencing an acceleration in the growth of sales, revenue, and earnings over consecutive quarters. Try to identify increasing sales growth connected to market breakthroughs or the start of a new management team's tenure.

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