Finding good growth stocks to buy these days isn’t easy. Many companies that performed well reached very high valuations. Investing in stocks at a large premium can limit the return you can earn from it, or worse, could result in a significant loss if market conditions slow.
But there are three stocks that still look attractively valued today, and could be excellent choices for growth investors. Amazon (Nasdaq: AMZN), Carnival Company (NYSE: CCL)and Novo Nordisk (NYSE: NFU) Among the best stocks you can buy before 2025. Here’s why.
Heading into the new year, there are a few things I really like about Amazon stock. And while it’s up nearly 50% in 2024, its value is fairly low — by Amazon’s standards, anyway. It trades at just under 50 times its trailing earnings, which is much lower than it has averaged in the past (it has often been at the level Price to earnings multiple more than 60).
Additionally, the company has a huge potential growth catalyst ahead of it. It recently announced the launch of Amazon Haul, a new section on its site that will focus on lower-priced goods. This will help her compete more effectively against Shein and Temu (who PDD Holding has). By offering lower-priced goods and reaching more customers, Amazon could be on track for greater revenue and profit growth in 2025.
Amazon stock is a solid long-term investment as it is, but with an attractive valuation and an exciting new growth opportunity on the horizon, it falls into the no-brainer buy category at this point.
Carnival is one of my favorite travel stocks, because it also trades at a reasonable valuation and has a lot of growth potential. There is also a lot of insight for investors to see how the business is performing. Because cruises are typically booked well in advance, there is plenty of time for the cruise ship operator to respond to any sign of slowing demand.
Carnival shares have risen more than 50% in the past six months as investors begin to realize the potential the stock has. However, even with these impressive gains, Carnival’s price is still well below the more than $50 it was trading at in late 2019, before the pandemic began.
During the first nine months of the year, the company generated revenues totaling $19.1 billion, an increase of 18% year over year. More importantly, Carnival’s operating profits nearly doubled to more than $3 billion. With significantly stronger financials compared to last year, and the company seeing strong future growth numbers for not only 2025 but 2026 as well, Carnival shares could be much higher than they are now.
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