MELI, TTEK, INSP: It's Time To Look At Growth Stocks Again

Interest rates are less likely to rise from here, says Mike Smith. He discusses why it's time to look at growth stocks again. He talks about how growth stocks offer superior free cash flow margins are ROIC. He then goes over how valuation premium for these attractive fundamental attributes was erased by multiple compression in 2022. He then goes over some of his stock picks which include MercadoLibre (MELI), Tetra Tech (TTEK), and Inspire Medical Systems (INSP). Finally, he notes that AllSpring Discovery SMID Cap Growth Fund (WFDSX) is up over 10% this month. Tune in to find out more about the stock market today.