2 Top Growth Stocks to Buy Now to Start the New Year Off Right

Group 1: On Holding - On Holding is gaining attention in the elite athleticwear market with its distinctive footwear and premium brand positioning targeting affluent consumers [3][5] - The company has expanded its product line to include activewear, with footwear remaining its core product, and recently introduced innovative LightSpray shoes [4][5] - On Holding reported a 33% year-over-year sales increase in Q3 2024, with direct-to-consumer sales growing by 50%, now accounting for 38.8% of total sales [5] - The company achieved a gross margin of 60.6% in Q3 2023, its highest since going public, and its stock has increased by 108% over the past year [6] Group 2: Toast - Toast operates as a fintech platform serving the restaurant industry, providing a comprehensive cloud-based solution for restaurant management [7][8] - The platform integrates various operational aspects, enhancing efficiency and decision-making through machine learning [8] - In Q3 2024, Toast added 7,000 new locations, a 28% year-over-year increase, and transitioned from a $59 million loss to a positive$35 million operating income [10] - The company holds approximately 13% market share in its category and is expanding through global growth and new features, with its stock up 125% over the past year [11]