In this guide, we’ll explore the five best growth stocks to buy now for your investment portfolio
The Best Growth Stocks to Buy Right Now for Huge Growth
A brief overview of the best growth stocks to buy now for 2022 can be found below:
- Lucky Block - Start-Up Blockchain Asset Decentralizing the Lottery Industry
- Meta Platforms- Best Growth Stock to Buy Now for Exposure to the MetaVerse
- Tesla- Top Growth Stock for the Future of Electric Cars
- Netflix- Undervalued Growth Stock to Buy Right Now
- Moderna- Top Vaccine Stock With Huge Growth Potential
A Closer Look at the Best Growth Stocks to Invest in 2022
In the sections below, you will find our full analysis of the best growth stocks to buy now.
1. Lucky Block - Start-Up Blockchain Asset Decentralizing the Lottery Industry
Lucky Block is an unconventional asset pick, not least because the project is traded as a digital currency rather than a stock. However, with growth of over 4,000% since the project was launched in late 2021, Lucky Block is not too dissimilar to a traditional equity. In a nutshell, Lucky Block is building a global lottery ecosystem that runs on the blockchain ledger.
Moreover, through the use of smart contracts, the project will ensure that every lottery outcome is both decentralized and 100% true and fair. Regarding the former, this means that no centralized bodies are involved in the number drawing process and all results are transparent. Additionally, smart contracts ensure that all lottery games are random beyond doubt.
In terms of its growth potential, Lucky Block initially executed a pre-sale launch of its digital token in early 2022. The campaign raised over $5 million and the LBlock token was listed on the PancakeSwap exchange on January 26th, 2022. Since then, the project has grown to achieve a huge market capitalization of over $500 million. Looking for a place to network with like-minded crypto enthusiasts? The Lucky Block Telegram group has over 34.5k members and counting.
As of writing, Lucky Block is trading at $0.0070 per token, which is the weighted average between its two exchange listings. In addition to PancakeSwap, this also includes LBank where you can trade the LBLOCK/USDT crypto pair. Crucially, Lucky Block is a growth-centric digital asset that is still at the start of its innovative lottery journey, so it’s certainly a project to keep an eye on for 2022.
Buy Lucky Block Now on PancakeSwap
Cryptocurrency markets are highly volatile and your investments are at risk.
2. Meta Platforms - Best Growth Stock to Buy Now for Exposure to the MetaVerse
Meta Platforms - formerly trading as Facebook, is the world’s largest social media company. Not only does its portfolio of platforms include Facebook, but also the likes of Instagram, WhatsApp, and dozens more. This means that Meta Platforms is home to billions of monthly active users.
What we like about Meta Platforms is that the firm is perhaps the best growth to buy now to gain exposure to the MetaVerse. Some market analysts believe that the MetaVerse could generate in excess of $800 billion for the company in the future.
Another core benefit of buying this top-rated growth stock is that the shares are currently going through a market correction. This is because Meta Platforms noted in its most recent earnings report that Facebook users for the quarter had declined.
This resulted in the biggest single-day stock loss of all time, with Meta Platforms losing 26% in share value - or $230 billion in market capitalization. In our view, this major overreaction from the markets means that you can buy this growth stock at a major discount.
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3. Tesla - Tesla - Top Growth Stock for the Future of Electric Cars
If you believe that the future of transportation will center on electric cars, Tesla could be one of the best stocks to invest in 2022 for your portfolio. In a nutshell, Tesla was founded in 2003 and the firm first went public in 2010 via the NASDAQ.
Since then, Tesla has not only become the most valuable car-maker globally - outpacing the likes of Toyota, Volkswagen, and Mercedes, but also one of the best-performing growth stocks of the prior decade.
For example, had you invested in Tesla back in 2010, you would have paid less than $4 per share, which takes into account the firm’s 5-for-1 stock split in 2020. Fast forward to early 2022 and the same shares are trading at over $1,000.
This translates into gains of over 24,000%. With that being said, Tesla is still very much one of the best growth stocks to buy in 2022, as the carmaker is still relatively young. Moreover, it wasn’t until early 2021 that Tesla reported its first full profitable year.
68% of retail investor accounts lose money when trading CFDs with this provider.
4. Netflix - One of the Most Promising Stocks for Value
Netflix is the world’s largest streaming service, with the firm now home to over 200 million paying customers. Although the firm first went public in 2002, it wasn’t until the following decade that its stock price valuation began to take off.
Nevertheless, had you invested in this growth company when it first went public, you would have paid just $1.21, which takes into account its duo of stock splits. Since then, Netflix stocks have reached an all-time high of $700 per share, which the firm hit in late 2021.
However, due to a less than favorable earnings report, the value of Netflix stocks have since retreated. As of writing, you will pay just over $400 per share. This means that Netflix is one of the best growth stocks to buy now for value.
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68% of retail investor accounts lose money when trading CFDs with this provider.
5. Moderna - One of the Best Stocks to Buy Now for COVID Vaccine Demand
Moderna is a US-based pharmaceutical company that is behind one of the major COVID vaccines to have been approved in most regions of the world. As such, it’s one of the best growth stocks to watch this year.
Since Moderna stocks went public in December 2018, the shares are up over 700%. However, over a 1-year period, the shares are down 15%.
Crucially, not only are Moderna vaccines likely to be in demand for many years to come, but the firm is carrying a market capitalization of just $61 billion.
68% of retail investor accounts lose money when trading CFDs with this provider.
How to Buy Growth Stocks
Now that we have discussed top dividend growth stocks, we can now explain how to complete your purchase in a low-cost and simple manner.
How to Buy Lucky Block
If you like the sound of Lucky Block - here’s how you can invest today:
- Step 1: Download Trust Wallet - First, download Trust Wallet to your smartphone. This wallet will allow you to access the Pancakeswap exchange, which is where Lucky Block tokens are trading.
- Step 2: Buy BNB - Within your Trust Wallet app, you will need to buy BNB tokens. This crypto asset is required to buy Lucky Block via PancakeSwap. After uploading your ID, you can use a debit/credit card to pay for your purchase.
- Step 3: Visit PancakeSwap - After clicking on the ‘DApps’ button, look for Pancakeswap.
- Step 4: Contract Address - You will now need to copy the Lucky Block contract address to your clipboard. You can get this from the project’s website or Telegram channel. Then, when prompted, paste the address into PancakeSwap.
- Step 5: Buy Lucky Block - Enter the amount of BNB that you wish to swap for Lucky Block. Finally, click on the ‘Swap’ button to complete your investment into this top-performing growth asset.
Read More: In-depth walkthrough of how to buy Lucky Block
Buy Lucky Block Now on PancakeSwap
Cryptocurrency markets are highly volatile and your investments are at risk.
How to Buy Stocks on eToro
You can buy the best growth stocks for 2022 via eToro on a commission-free basis.
Here’s how:
- Register an eToro account
- Deposit a minimum of $10 via a range of payment methods.
- Search for your chosen growth stock
- Enter your investment from $10
- Tap on ‘Open Trade’ to confirm the order
Conclusion
This article has explored every aspect of investing in growth stocks right now. With Lucky Block breaking all-time highs and gathering huge traction we think it’s a great innovative project to keep an eye on.
If you’re eager to gain exposure to the best growth stocks we recommend opening an eToro account. You’ll get access to low fees, fractional share trading, copy trading and more.
68% of retail investor accounts lose money when trading CFDs with this provider.
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Published: 23 Feb 2022, 05:38 PM IST
