The Ultimate Growth Stock to Buy With $1,000 Right Now

If the meteoric rise of most of the United States' biggest and best-known technology stocks has you leery of buying any of them, you're not alone.The average forward-looking price-to-earnings ratio of the so-called "Magnificent Seven" stocks currently stands at just over 30, according to Yardeni Research, dragging the S&P 500's comparable valuation up to more than 22. Both are well above long-term norms, leaving the overall market vulnerable to a setback.This additional risk doesn't mean you should simply avoid growth stocks altogether, though. It just means you should make a point of acting on opportunities that aren't overexposed to this vulnerability. That, or at least taking on risk that makes sense (like one with an inordinate amount of upside potential).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool