5 Must-Buy Growth Stocks for July After an Impressive June

Market Overview - Wall Street experienced a successful June, with the Dow, S&P 500, and Nasdaq Composite increasing by 4%, 5%, and 6% respectively, driven by optimism around trade deals, a ceasefire in the Middle East, and anticipated interest rate cuts in the latter half of 2025 [1][2] Economic Indicators - Strong economic data supports continued market momentum, with ISM manufacturing and services PMI data for June exceeding expectations and factory orders rebounding in May after a contraction in April [2] - Job additions in June surpassed consensus estimates, reducing recession fears, while the unemployment rate decreased to 4.1% from 4.2% in May [3] Growth Stock Recommendations - Five growth stocks are recommended for July, focusing on those with aggressive earnings or revenue growth potential: - AppLovin Corp. (APP) - Intuit Inc. (INTU) - monday.com Ltd. (MNDY) - Credo Technology Group Holding Ltd. (CRDO) - Gold Fields Ltd. (GFI) All selected stocks have a Zacks Rank of 1 (Strong Buy) and a Growth Score of A [4][8] Company Insights AppLovin Corp. (APP) - AppLovin provides a software platform for mobile app developers, enhancing marketing and monetization efforts [7] - The company reported a revenue growth rate of 16% and an earnings growth rate of 85.2% for the current year, with a recent 0.4% improvement in earnings estimates [10] Intuit Inc. (INTU) - Intuit benefits from steady revenues across its Online Ecosystem and Desktop segments, with strong performance in its Online Services driven by Mailchimp and payroll solutions [11] - The company has an expected revenue growth rate of 11.7% and an earnings growth rate of 13.7% for the next year, with a 4.6% increase in earnings estimates over the last 60 days [14] monday.com Ltd. (MNDY) - monday.com develops cloud-based software applications for work management, with an expected revenue growth rate of 25.6% and an earnings growth rate of 8.3% for the current year [16] Credo Technology Group Holding Ltd. (CRDO) - Credo Technology specializes in high-performance connectivity solutions for various markets, including AI and high-performance computing [17] - The company anticipates a revenue growth rate of 85.8% and an earnings growth rate exceeding 100% for the current year, with a significant 37% increase in earnings estimates recently [19] Gold Fields Ltd. (GFI) - Gold Fields operates as a gold producer with reserves in multiple countries and has an expected revenue growth rate of 71% and an earnings growth rate of 93.9% for the current year [21]