History Says the Nasdaq Could Soar This Year: 2 Monster Growth Stocks to Buy Now

The Nasdaq Composite (NASDAQINDEX: ^IXIC) achieved an average annual return of 17% in the past decade, driven by the proliferation of cloud computing, digital advertising, and artificial intelligence (AI). The index is down 4% year to date, meaning it would need to add 21% between now and December to match its 10-year average.That may sound like a long shot, but Wall Street's consensus forecast says the technology and consumer discretionary sectors will advance 33% and 22%, respectively, during the next year. And those sectors account for 80% of the Nasdaq's performance, which means the index could conceivably climb 21% by December.Investors can lean into that possibility by purchasing two monster growth stocks: Nvidia (NASDAQ: NVDA) and MercadoLibre (NASDAQ: MELI). Here's why they are worth owning.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool