Got $500? These Hot Growth Stocks Are Screaming Buys Right Now

They’re often grouped together, but not all growth stocks are the same. Indeed, they’re each dramatically different in terms of risk, potential, and longevity. One’s not inherently as good as another.

With that as the backdrop, here’s a closer look at three hot growth stocks that are screaming buys right now. All three may pose above-average risk, but if you can stomach it, the prospective reward is well worth it. In no particular order…

Rocket Lab USA

For decades, putting satellites into orbit was mostly the purview of NASA (or other nations’ government-funded space programs). It just didn’t make financial sense for a telecommunications outfit to handle this occasionally needed work itself.

As most investors would expect, however, things changed on this front. The need for communications satellites exploded, and the cost of ferrying them into space plummeted. As it turns out, NASA’s oversized rockets aren’t ideally suited for getting many, many smaller satellites into orbit.

Enter Rocket Lab USA (NASDAQ: RKLB). It’s one of the alternatives to NASA’s services, or even to privatized heavy-launch companies. Rocket Lab’s relatively small — and reusable — Electron and Neutron rockets have carried 183 satellites into orbit over the course of 47 different launches. In the meantime, Rocket Lab USA’s tech is found on more than 1,700 satellites already in orbit. In fact, NASA’s even one of its paying customers.

And this is still just the beginning. Industry research and consulting outfit Quilty Space believes the world will put another 20,000 new satellites in space by 2030. That sets the stage for annualized revenue growth of 21% in the industry during that time frame, according to a report from Mordor Intelligence.

Rocket Lab USA will likely win more than its fair share of this growth. Analysts expect the company’s top line to grow to the tune of 76% this year, and another 47% next year. And although Rocket Lab is still operating in the red, the analyst community believes it’s on pace to swing to a profit by 2026. Shares could start recovering from their pullback from…

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