From NASDAQ:

Wall Street ended a stellar year as the Dow Jones and Nasdaq Composite bounced back from the 2022 bear market to hit new all-time highs. The Nasdaq is just 6% shy of its record high, offering long-term investors a promising opportunity to buy quality growth stocks at a discount. Amazon’s dominant position in e-commerce and cloud services makes it an enticing buy.

Lovesac, a small-cap furniture company, has innovated with its modular couches and omnichannel sales strategy to stand out in the traditionally stodgy furniture industry. It targets middle- and upper-income consumers and has seen double-digit sales growth. At a forward P/E ratio of 12, Lovesac looks like a promising buy for long-term investors.

Walt Disney has suffered during the pandemic but is set to rebound with its strong theme parks and film division. It offers unique storytelling and engagement that can’t be duplicated, setting it apart from other media companies. The expected improvement of its streaming operations makes Walt Disney an attractive buy with a forward P/E ratio of 17.

Starbucks endured challenges from inflation and the pandemic in 2022, but it remains a top growth stock. The loyalty of its customer base and changes made to the drive-thru ordering system during the pandemic are now paying off. With an expected annualized earnings growth of 15.5% over the next five years, Starbucks offers strong potential for investors.



Read more: 4 Unsurpassed Growth Stocks You’ll Regret Not Buying in the Wake of the Nasdaq Bear Market Dip