2 Ultimate Growth Stocks to Buy With $500 Right Now

Core Viewpoint - The article emphasizes that investing in quality stocks remains a favorable strategy, particularly in the context of growth stocks that have shown mixed performance amid economic uncertainties [1][2]. PayPal - PayPal Holdings has seen its shares increase by approximately 30% since the start of 2024, despite a slight decline following its recent earnings report [3][4]. - The company has faced challenges post-pandemic, including difficult year-over-year comparisons and stalling user growth, which led to some investors selling off the stock [4][5]. - In Q3, PayPal reported a 6% increase in net revenue to $7.8 billion and a 19% rise in operating income to $1.4 billion, although active accounts grew only 1% [7]. - Total payment volume increased by 9%, and payment transactions per active account also rose by 9% on a trailing-12-month basis [8]. - The company generated a net income of $1.1 billion, a slight decrease of 1% from the previous year, and cash from operations totaled $1.6 billion [8][9]. Chewy - Chewy's shares have surged by about 67% over the last six months, indicating renewed investor interest in the e-commerce platform for pet products [10]. - The company has diversified its offerings, including pet health insurance and telehealth services, to enhance competitiveness in the pet spending market [11][12]. - Chewy has opened brick-and-mortar veterinary locations, which align with its long-term strategy and have shown promising early indicators for customer acquisition and engagement [13][14]. - In Q2, Chewy's net sales rose by 2.6% to $2.86 billion, with net income soaring by 1,380% to over $299 million [15]. - Autoship sales accounted for 78% of net sales, reflecting a 6% increase from the previous year, and 85% of net sales came from consumables and health categories, which are considered non-discretionary [15][16].