Top growth stock picks in the new Nasdaq bull market include Block, Starbucks, Okta, and Meta Platforms

From NASDAQ.: 2024-06-01 05:06:00

After enduring a bear market in 2022, the Nasdaq Composite has surged 60% since 2023, reaching record highs. With history showing bull markets follow corrections, now is a great time to invest in growth stocks. Block, Starbucks, Okta, and Meta Platforms are top picks with strong fundamentals, growth potential, and attractive valuations.

Block, a fintech company, saw $50.5 billion in gross purchase volume in the last quarter and its Cash App platform has 57 million active users. Starbucks, with 32.8 million active U.S. rewards members, continues to innovate despite a tough recent quarter. Okta, a cybersecurity firm, is thriving on the demand for online protection. Meta Platforms stands out for its social media assets and impressive ad pricing power. Even with spending forecasts raised, Meta’s deep pockets and low valuation make it a strong buy in the current market.



Read more at NASDAQ.: 4 Unforgettable Growth Stocks You’ll Regret Not Buying in the New Nasdaq Bull Market