Climbing the Wall of Worry: The S&P 500 was up another 1.5% this week (and now +22% year-to-date) despite major jitters over the US election in just three weeks. We have updated our Top 10 Growth Stocks and our Disciplined Growth Portfolio to reflect new opportunities and continuing confidence in the long-term economy (despite a never-ending drumbeat of short-term naysayers). If you are looking for two minutes of fame, go ahead and hide in cash until the next market correction (which may be in two days, two years or two decades), but if you are looking to keep building long-term wealth, the ideas in this report are absolutely worth considering.
Top 10 and Portfolio links: You can view the updated Top 10 Growth Stocks here, and the Disciplined Growth Portfolio (complete with updated buy-under prices and ratings) here.
New Purchases: You’ll notice our two newest purchases, Zeta Global (non-cookie, AI marketing technology) and Super Micro Computer (we added back shares after previously selling much higher and for significant profits).
Mega-caps on Sale: You’ll also notice we’ve assigned high-ratings to powerful mega-cap juggernauts (including Alphabet and Microsoft) which have sold off but continue to grow signficantly, profitably and at large scale (and they trade at attractive prices).
China Perking Up: Also worth mentioning, China has announced more stimulus to reach their own economic growth targets, and this has added major wind to the sails of Chinese stocks (we own Alibaba (BABA) in our Disciplined Growth Portfolio) as well as electric vehicles (we are playing this through Apsen Aerogels (ASPN), Albemarle (ALB). China could have a ton of room to run (considering how far it has fallen) and electric vehicle batteries (specifically lithium) also appear to sit near the bottom of the lithium supply cycle (a good thing for investors).
You can read more about the names mentioned above in our new/updated Top 10 Growth Stocks list and in our newly updated Disciplined Growth Portfolio.
The Bottom Line:
Most importantly, long-term goals matter. If your don’t have the financial need or wherewithal to endure short-term market volatility then you don’t need to be invested in 100% growth stocks. But if you are a long-term investor, there is so much opportunity to own attractive stocks at attractive prices for the long-term. Long-term compound growth remains one of the most powerful wealth building techniques in the history of the world. There are a lot of attractive companies to invest in.