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Investors’ relatively heightened interest in growth stocks is evidenced by the SPDR Portfolio S&P 500 Growth ETF’s (SPYG) 4.9% gains over the past month compared to the SPDR Portfolio S&P 500 Value ETF’s (SPYV) 2.9% loss. Growth stocks’ performance also compares favorably with SPDR S&P 500 Trust ETF’s (SPY) 0.7% returns over the same period.
U.S. real GDP is expected to rise 9% in the second quarter of 2021, according to The Conference Board. This bodes well for stocks that possess solid growth attributes. So, we think it could be wise to bet on Hologic, Inc. (HOLX), EchoStar Corporation (SATS), and ArcBest Corporation (ARCB). These names have solid growth prospects. Indeed, Wall Street analysts expect the prices of these stocks to soar more than 35% in the near-term.
