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Stock impact report

The Smartest Growth Stock to Buy With $1,000 Right Now [Yahoo! Finance]

BlackSky Technology Inc. Class A (BKSY) 
Company Research Source: Yahoo! Finance
Its stock isn't cheap, but it deserves its premium valuation. These 10 stocks could mint the next wave of millionaires › 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. Why did Rocket Lab's stock blast off? Rocket Lab's Electron rocket can carry small payloads of up to Show less Read more
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