While growth stocks have not been all the rage in 2022 as they were in 2021, I think investors should look at them before the calendar flips to 2023. There are a couple of reasons why growth stocks could boom next year. First, Federal Reserve Chairman Jerome Powell recently suggested that the Fed might begin to ease the pace of its interest rate hikes in December.
Among them are Adobe (NASDAQ: ADBE), Autodesk (NASDAQ: ADSK), and Procore Technologies (NYSE: PCOR). Adobe's creative tools are used by numerous businesses globally, and students are educated at all levels on how to use them. While it was an expensive price tag for the business, the real value came from Figma's collaborative technology, which was far superior to Adobe's.
TORONTO, November 15, 2022--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that Houle Electric Ltd. has selected Procore Technologies as its construction management platform.