Growth Stock Greats: 3 Picks That Will Accelerate Your Portfolio's Performance

Core Insights - The article emphasizes the importance of identifying undervalued growth stocks rather than following market trends blindly, which often leads to buying at peak prices [1] Group 1: NovaGold Resources (NG) - NovaGold Resources is a Canadian gold mining company with four sites in Alaska, recently electing ten directors to guide its future direction [3] - The company reported $118 million in its treasury for Q1 2024, providing significant investment flexibility [3] - Technical analysis indicates that NG is breaking through long-standing resistance, suggesting it is a massively undervalued growth stock [3] Group 2: SSR Mining (SSRM) - SSR Mining, another Canadian mining company, experienced a significant price drop in February 2024, creating buying opportunities [5] - The stock has established a bottom at $610 and has shown steady recovery, currently trading between $720 and $750 [5] - The recent election of ten directors indicates a united front, likely leading to decisive actions in investments and mining projects [5] Group 3: First Majestic Silver Corporation (AG) - First Majestic Silver Corporation has fluctuated between $6 and $24 since 2009 and is currently priced around $9 [6] - The company has a history of rapid price increases, with notable jumps from $5 to $23 in 2010 and from $4 to $23 in 2016 [6] - With a cash position of $102 million, AG is well-positioned to capitalize on the anticipated bull market in precious metals [7]