Got $5,000? These 3 Growth Stocks Are Cheap Buys Right Now.

Group 1: United Parcel Service (UPS) - United Parcel Service reported Q2 2024 revenue of $21.8 billion, down 1% year-over-year, indicating current growth struggles [2] - CEO Carol Tomé described the quarter as a "turning point," noting a return to volume growth in the U.S. for the first time in nine quarters [2] - Analysts project a 5.1% compound annual growth rate for the freight and logistics market from 2024 to 2030, suggesting significant growth potential for UPS [2] Group 2: PDD Holdings - PDD Holdings, known for its e-commerce platform Temu, reported Q1 revenue of $12 billion, a 131% increase year-over-year [4] - Despite a 13% decline in stock this year, the company has strong growth potential, trading at 11 times its estimated future profits [5] - The Chinese economy grew by 4.7% in Q2, slower than the previous quarter, raising concerns that may affect PDD's stock performance [5] Group 3: Lowe's - Lowe's is trading at around 20 times its estimated future profits, which is modest compared to the S&P 500 average of 22 [6] - The company reported a 4% decline in comparable-store sales, attributed to reduced discretionary spending [7] - Year-to-date, Lowe's has generated a 7% gain, trailing the S&P 500's 15% returns, but optimism about potential interest rate decreases could boost future performance [7]