This post was originally published on this site
Spending rose in August by 0.8% while personal income increased 0.2%, reflecting a positive picture. Moreover, The Congressional Budget Office (CBO) estimates real GDP growth of 7.4% year-over-year in the fourth quarter of this year.
Given the expectation of continued economic recovery, growth stocks Regeneron Pharmaceuticals, Inc. (REGN), Piper Sandler Companies (PIPR), and Marcus & Millichap, Inc. (MMI) could witness impressive earnings growth this year. Analysts expect their earnings to increase by at least 70% this year. Thus, these stocks could be solid additions to your portfolio now.
