Got $5,000? These 3 Growth Stocks Are Selling!

Do you have $5,000 to invest in the stock market today? Here are some solid companies you can invest in that have a strong long-term outlook, but whose stock prices haven't performed as well this year.

Apple Inc. （Nasdaq ResonanceStock Code(AAPL),PDD Holdings firms(Nasdaq Resonance Stock Code: PDD(math.) andUnitedHealth Group firms(New York Stock Exchange: UNH)The stock prices of the top 10 stocks in the world are all in negative territory, which is why this creates some great buying opportunities for investors.

Apple Inc.

Cash-rich tech giant Apple is doing great business. It's Warren Buffett's top investment, and for good reason - it has a strong brand and excellent financials. While the economy has not been kind to companies selling high-priced products, consumer demand for its products has remained relatively stable.

In the last quarter, Apple's product revenue was unchanged from the last three months of 2023, at about $96.5 billion. But it's the company's other business unit, services, that investors should be bullish on. Services revenue totaled $23.1 billion, an increase of $11% from the same quarter last year, and once Apple gets consumers into its ecosystem, it's hard (i.e., expensive) for them to leave.

As the company's services business grows, such as the possible future introduction of chatbots, it could potentially expand these opportunities. This means that even though Apple's products may not be able to deliver strong growth in the future, they may not need to, given the potential for the services division to make up for it.

Apple's shares are down 9% this year, but with a P/E ratio of just 28 times, now may be the best time to invest in the company. Apple's 26% strong margins and amazing branding make it a worthy addition to your investment portfolio, no matter when it goes on sale. With an investment of $5,000 now, it could be a good choice.

PDD Holding Company

The worst performing stock on this list is PDD Holdings, down 21% year-to-date. this china-based company has inherent risks, such as the fear that the chinese government may increase the number of laws restricting its domestic and international growth prospects. This risk is one of the reasons why many Chinese stocks are not highly sought after.

But if you can accept the risk, then PDD could be a potential bargain in the long run. The company is trading at a P/E of just 20 times, which drops to 13 times if you take into account future profits and analysts' expectations for the business over the next year. In the long run, it looks even cheaper, with a P/E of just 0.6. Normally, stocks with a P/E of less than 1 are considered cheap, and PDD could be considered a bargain.

The company behind the popular Temu online mall reported revenues of $34.9 billion last year, a growth rate of $90%, and operating profits of $8.3 billion, up $93%. Temu's continued success and popularity make PDD Holdings a growth stock to buy and hold.

UnitedHealth Group

Health insurance giant UnitedHealth Group has been facing some negative news lately. A data breach at its subsidiary, Change Healthcare, is so worrisome that a federal agency will be investigating the hack. Unfortunately, data breaches are not uncommon these days. While they are worrisome in the short term and can cause problems, they usually don't affect a company's long-term prospects.

This is an example of a good, moderately growing business that investors can buy and hold for many years. in 2023, MediaHealth's operating revenues were $371.6 billion, up 151 TP3T year-over-year, and operating profit was $32.4 billion, up 141 TP3T year-over-year.

What I like about the long-term purchase of UnitedHealth is its leadership and importance in the medicare industry. As the number of older Americans increases in the coming years, the demand for its products and services will be even greater. The company also pays investors a dividend of 1.7%, which is higher than the 1.7% dividend paid by the company's shareholders.Standard & Poor's 500Index 1.4% average.

So far this year, shares of Media Health have declined by 15%. With a price-to-earnings (P/E) ratio of just 18, this stock is a great buy-and-forget investment at an affordable price.

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David Jagielski does not own any of the stocks mentioned above.The Motley Fool owns shares of recommended Apple Inc.The Motley Fool recommends UnitedHealth Group.The Motley Fool has a disclosure policy.

Got $5,000? These 3 Growth Stocks Are Selling Like Hotcakes was originally published by The Motley Fool.