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I believe growth stocks are seeing their shares rise again due to two reasons. First, after falling during the first few months of 2021, their share prices started to look attractive again. And second, the recent surge in COVID-19 cases driven by the Delta variant has brought increased attention to the growth areas of the market that performed well during the lockdowns of 2020.
While some of the big-name growth tech stocks have seen their shares rise again, plenty of other growth stocks are still trading at very attractive valuations. So, I ran a search in our POWR Ratings system for stocks that were rated a Buy or Strong Buy with a Growth Grade and Value Grade of A. Kohl’s Corporation (KSS), Teradata Corporation (TDC), and Meritor, Inc. (MTOR) are three such stocks, which is why I am highlighting them below.
