The Smartest Growth Stock to Buy With $1,000 Right Now

As the S&P 500 trades at historically high valuations, it's not the best time to plow your life savings into high-growth stocks. But if you can afford to set aside a modest investment of $1,000 for at least a few years, there are still a few potential multibaggers worth chasing.One of those stocks is Rocket Lab (NASDAQ: RKLB), a developer of reusable orbital rockets that went public by merging with a special purpose acquisition company (SPAC) four years ago. Its stock started trading at $11.58, sank to an all-time low of $3.79 in June 2022, but now trades near its all-time high at around $57. Let's see why Rocket Lab's stock soared -- and how it could churn $1,000 into tens of thousands of dollars over the next few years.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool