Notable growth stocks for October include Reata Pharmaceuticals Inc., NVIDIA Corp., and Weatherford International PLC, with their share prices showing remarkable gains of up to 537% in the last year 

Investors often consider the SPDR Portfolio S&P 500 Growth ETF (SPYG) as a benchmark for growth stocks 

SPYG demonstrated a 14.8% increase in the last year, while the Russell 1000 Index, representing the top 1,000 U.S. companies by market capitalization, grew by 16.9% as of September 26 

Value investors seek stocks that are trading below their intrinsic value. Such stocks are believed to have the potential for rapid price appreciation 

Among the growth stocks, those with the lowest 12-month trailing P/E ratio are often attractive to value investors due to their potential for value realization 

Investopedia ranks companies based on a growth model that considers both year-over-year (YOY) percentage revenue growth and YOY earnings per share (EPS) growth 

The ranking balances these two factors to provide a comprehensive view of a company's financial health 

Sales and earnings are essential metrics for evaluating a company's financial stability. They offer a more balanced perspective than looking at either metric in isolation 

Momentum investors focus on stocks that have outperformed the market in terms of price growth. The belief is that stocks with strong momentum will continue to perform well 

Including growth stocks in a portfolio offers the potential for capital growth and diversification 

Stocks in high-growth industries or those targeting new markets can lead to significant capital gains, enhancing earnings and stock prices 

Growth stocks span various industries and sectors, making them valuable for diversifying a portfolio. They can balance out potential losses in other sectors and complement value stocks