Published - June 2nd, 2023 @ 12:30 PM (CET)

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As the financial market continually transforms, investors are perennially on the hunt for the next lucrative venture. Growth stocks frequently emerge as enticing investment prospects, offering substantial potential for substantial long-term yields. In this piece, we'll delve into several standout growth stocks to monitor in May 2023 and beyond, and discuss their potential merits for inclusion in your investment portfolio.

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Toyota

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Toyota (NYSE:TM) amplifies its commitment to Electric Vehicle (EV) production, investing an additional $2.1 billion in its North Carolina EV battery plant - a total outlay of $5.9 billion.

This strategic move has garnered state incentives worth $271.4 million and local incentives of $167.3 million. The plant, projected to begin production in 2025, will significantly boost EV battery production. Toyota, an electrification trailblazer with over 23 million electrified vehicles globally, also aims to attain carbon neutrality in the U.S. by 2030.

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Salesforce
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Seize the opportunity to invest in Salesforce (NYSE:CRM), exhibiting resilience despite economic turbulence. Despite its slowest growth in 13 years, Salesforce’s Q1 revenue ascended by 11%, outperforming forecasts. It's currently up 57.96% from its 2023 opening price.

An approximate 10% YoY increase is projected for the current quarter, further showcasing its robust growth potential. The recent share price dip may present a golden investment opportunity, particularly considering the company's progressive innovation in AI-related tools.

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Oracle
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Boost your portfolio with Oracle (NYSE:ORCL), showcasing robust growth with a 26.60% increase in stock price since 2023 opening price. Demonstrating consistent profitability over the past five quarters, Oracle stands as a resilient and profitable tech player. 

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With an impressive portfolio of cloud solutions and enterprise products alongside liquid options markets, it offers flexible and strategic investment avenues. Hence, investing in Oracle could be a strategic move this month.

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Fedex
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Invest in FedEx (NYSE:FDX) this month for robust returns, as it's currently up 22.58% from its 2023 opening price. The global logistics leader has consistently shown positive net income in the last five quarters. With its diverse services and a strong presence in over 220 countries, FedEx exhibits resilience and profitability.

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Moreover, the tight and liquid options markets for July and post-June earnings make it a promising opportunity for defined risk positions and earnings plays.

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Netflix
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It’s stock has shown 36.68% increase since 2023 opening price. Netflix's (NASDAQ:NFLX) strategic initiatives, such as the introduction of a mobile-only subscription plan in emerging markets, investment in local content, and a crackdown on unauthorized account sharing, position the streaming giant for growth.

These measures indicate Netflix's commitment to staying competitive and expanding its subscriber base. Investors should take note of these developments.
Some market analysts suggest a potential 25% boost in Netflix's stock due to these changes.

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Conclusion
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Toyota's increased investment in its North Carolina EV battery plant highlights its commitment to electric vehicle production. Salesforce exhibits resilience with an 11% Q1 revenue increase and a projected 10% YoY growth. Oracle showcases strong growth and profitability, while FedEx offers robust returns. Netflix's strategic initiatives position it for growth, with potential for a 25% stock boost according to market analysts.

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Nevertheless, stock investments necessitate comprehensive research, scrutiny, and a long-term investment perspective. As with all investments, it's crucial to contemplate your investment objectives and risk tolerance before making any investment decisions. This piece is purely informational and should not be interpreted as investment advice from MEXEM.

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The information on mexem.com is for general informational purposes only. It should not be regarded as investment advice. Investing in stocks involves risk. A stock's past performance is not a reliable indicator of its future performance. Always consult a financial advisor or trusted sources before making any investment decisions.

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