3 Magnificent Growth Stocks to Buy in July
Yahoo Finance ·
The market just had its best quarter in six years, with the S&P 500 ( ^GSPC +0.00% ) up 14% and the Nasdaq-100 up 26%. Many of the gains were driven by chip stocks as artificial intelligence (AI) continues to advance. But there are plenty of magnificent stocks in other industries, too, and with earnings season upon us, now could be a great time to buy. Consider Axon Enterprise ( AXON +0.65% ) , Dutch Bros ( BROS 1.53% ) , and MercadoLibre ( MELI +1.27% ) . Axon is known for its Taser device, but it also offers a full data-driven AI-based platform that supports law enforcement. All its products, including the Taser and body cameras, are integrated into the platform for quick and accurate insights, and it's cloud-based, accessible, and easy to manage. As of the 2026 first quarter, Axon has more than 1 million customers and has sold more than 1 million Tasers. Its products have become a part of the fabric of U.S. law enforcement and public safety, and a Taser is used every 30 seconds in the country. Management believes that it contributed to a 10% decline in gun-related deaths last year, and its short-term goal is to cut deaths between police and the public in half by 2033.
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