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2 Growth Stocks Wall Street Predicts Will Rally More than 85% -Breaking


© Reuters. Wall Street Forecasts More Than 85% in Growth Stocks

The upward trend of growth stocks is expected to continue in the coming months. This will be aided by favorable fiscal policies and strong consumer spending. Wall Street analysts anticipate quality growth stocks Mercadolibre, (MELI). Stitch Fix (NASDAQ:), to produce significant returns over the next months. So, let’s take a close look at these names.Strong consumer spending and favorable government policies have aided a growth stock rally so far this year as the global economy recovers from its pandemic-led slump. Many European countries have put back restrictions and locks in reaction to the resurgence COVID-19 cases. However, the White House said it does not plan on closing down America’s economy as 82% of its population has been vaccinated. This will boost confidence in markets and give growth stocks momentum for the upcoming months.

When times are good for the economy, growth stocks often outperform other markets. This is evident in the SPDR Portfolio S&P 500 Growth ETF’s (SPYG) 29% returns over the past nine months.

Wall Street analysts therefore expect this. MercadoLibre Inc. (NASDAQ) and Stitch Fix Inc.

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