If you want life-changing returns in the stock market, go for growth stocks. These fast-growing companies can change your portfolio over a sufficiently long period of time. Let’s examine the reasons why the e-commerce giant is Amazon (NASDAQ: AMZN) and social media upstart Snap (NYSE: SNAP) could do some great shopping now.
Amazon’s performance was relatively lackluster in 2021, with stocks rising less than 1% over the year to date. But don’t be fooled. The company continues to offer investors a reliable blue-chip brand coupled with solid growth prospects – an unbeatable combination.
Revenue in the second quarter rose 27% year over year to $ 113 billion, driven by strength in Amazon’s core North American e-commerce segment, which accounts for 60% of total revenue. Some investors were disappointed with this result as it represents a slowdown in 40 percent expansion during last year’s pandemic lockdowns. But…