CNBC has created a Next Generation 50 Index to track the global rise of tech companies. In recent years, growth stocks have seen a market-wide bull run. Growth stocks dipped a little as inflation fears grew, but they have subsequently made a recovery. Apple Inc., Microsoft Corporation, and Amazon.com, Inc. are among the best-performing growth stocks in this index. These stocks provide services that are important to the global economy as well as the personal and professional life of the younger generation.
Here is Insider Monkey’s list of the 10 cheap growth stocks to buy today. Digital Ally, Inc. exceeded market expectations in terms of earnings per share and revenue for the third quarter. The firm is one of the most well-known manufacturers of body cameras for law enforcement. The business approved a $10 million share repurchase program on December 6. LightInTheBox Holding Co., Ltd. is a cross-border ecommerce platform that it owns and operates. The company was created in 2007 and has a market capitalization of $121 million. The company recorded $98 million in revenue for the third quarter in its financial report. Cronos Group Inc. is a cannabis-focused pharmaceutical company. The adoption of legislation in the United States that removes marijuana from the list of prohibited substances bodes well for the future of cannabis businesses. Cannabis stocks have also risen in response to rumours that Germany’s new ruling coalition supports marijuana legalization. On November 12, Otonomo Technologies Ltd. reported nine-month profits, with revenue of $0.66 million. Long-term collaborations with automobile manufacturers such as BMW, Mitsubishi, and others could be expanded. Lithium Americas Corp. is a Canadian resource company with a primary focus on lithium. As the need for lithium rises in concert with the manufacture of electric vehicles, the company has a lot of room to develop. For more details, click 10 Cheap Growth Stocks To Buy Today.
