Got $5,000? 2 Top-Growth Stocks to Buy That Could Double Your Money

Core Viewpoint - The article highlights two stocks, Roku and Micron, as potential investment opportunities poised for a rebound, emphasizing their growth prospects and current valuations. Group 1: Roku - Roku is the leading streaming-distribution platform in the U.S., but its stock has declined significantly from pandemic highs [2] - In Q2, Roku's revenue grew by 14% to $968.2 million, and it has been profitable on an EBITDA basis for four consecutive quarters, generating free cash flow of$317.9 million [2][3] - Roku's user base increased by 14% to 83.6 million, with streaming hours rising 20% to 30.1 billion, indicating higher customer engagement [3] - The company forecasts revenue acceleration in Q4 and into 2025, with a current price-to-sales (P/S) ratio of 3, suggesting significant upside potential [4] Group 2: Micron - Micron has benefited from the AI boom, reporting strong growth and expanding profit margins, although its stock has retreated from June peaks due to concerns over valuations [5] - In fiscal Q4, Micron's revenue nearly doubled year-over-year to $7.75 billion, and it reversed an adjusted per-share loss of$1.07 to a profit of $1.18 [6] - The company anticipates continued margin expansion and revenue growth, driven by AI demand and a rebound in PC and smartphone sales, with a forward price-to-earnings (P/E) ratio of 12 indicating potential for stock appreciation [5][6]