The major indexes have pulled back recently after a strong first half. Despite the market’s positive returns year to date, there are some industry-leading companies that are trading well off their previous highs.
Buying strong companies when they are on sale is a recipe for successful investing. Here are two of the best growth stocks to buy in October.
Alibaba (NYSE: BABA) leads China’s $2.7 trillion e-commerce market with its popular Tmall and Taobao marketplaces, and it also has its tentacles in many other growth markets, such as fintech and cloud services. Over the last 10 years, Alibaba grew revenue 36% per year, but a volatile economy in China over the past few years has sent its stock tumbling to new lows.