Growth stocks were hit especially hard during this bear market. For those investors with $1,000 available to invest, there are several discounted growth stocks to choose from. As businesses normalize and valuations return to more normal levels, three growth stocks that emerge as buys today are Shopify (NYSE: SHOP), Tradeweb Markets (NASDAQ: TW), and Block (NYSE: SQ).
Although we are only one month into 2023, companies such as Microsoft, Amazon, Alphabet, Shopify, Spotify, and Salesforce.com (NYSE: CRM) have all announced layoffs. One notable investor, Michael Burry, who famously predicted the housing collapse in 2008, has recently called out Salesforce.com in a recent Twitter thread. While investors were pleased to read the news regarding layoffs, Burry believes that this reaction is short-sighted and that tough times are ahead for the customer relationship management (CRM) leader.
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,714.48, up 13.98): Athabasca Oil Corp. (TSX:ATH). Energy. Up 17 cents, or 6.75 per cent, to $2.69 on 12.7 million shares. Barrick Gold Corp. (TSX:ABX). Materials. Down two cents, or 0.08 per cent, to $26.19 on 12.3 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Down 39 cents, or 1.47 per cent, to $26.15 on 8.9 million shares. Cenovus Energy Inc. (TSX:CVE). Energy.