2 Discounted Growth Stocks to Buy Like There's No Tomorrow

Group 1: Deckers Brands - Deckers Brands has shown exceptional performance over the last two decades, with a $10,000 investment growing to over$900,000 [4] - The company owns popular footwear brands UGG and Hoka, both of which are experiencing increasing demand, with UGG sales growing 16% year-over-year and Hoka sales increasing 24% [6][5] - Deckers' revenue grew 17% year-over-year to $1.8 billion, and international sales rose 28% year-over-year, indicating strong growth potential [5][7] - The stock is currently attractively priced at 20 times forward earnings estimates, making it a compelling investment opportunity [8] Group 2: Lululemon Athletica - Lululemon Athletica has also seen its stock fall around 50% from recent highs, presenting a potential undervaluation of its future prospects [10] - The company has achieved consistent double-digit revenue growth, with an annualized growth rate of 19% over the last decade, and a profit margin of 17% [12][15] - Lululemon's revenue grew 13% year-over-year during the fiscal fourth quarter, while competitors like Nike reported declining sales, showcasing its strong market position [13] - The brand's unaided awareness in the U.S. is in the 30% range, indicating significant growth potential, especially in international markets [14][15]