Growth stocks are shares in companies that are expected to grow sales and earnings faster than the market average. They usually have high valuations (meaning they aren’t cheap) but make up for it with the potential for explosive growth.
Let’s examine the reasons for this Walt Disney (NYSE: DIS) and Amazon.com (NASDAQ: AMZN) Adjust the bill and you could be making slam dunk investments now.
1. Walt Disney
Big companies turn challenges into opportunities, and Disney is a prime example of that concept. The diversified entertainment giant took the coronavirus pandemic as an opportunity to recharge its streaming platforms. And now that the crisis is easing, the company plans to ramp up content production to drive sustainable growth.
The second quarter result was mixed. Revenue decreased 13% year over year to $ 15.6 billion. This is a significant improvement over the first quarter when sales fell …