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4 Unparalleled Growth Stocks You’ll Regret Not Buying in the Nasdaq’s New Bull Market
Short-term unpredictability has been the name of the game on Wall Street since the beginning of this decade. In the first four years of the decade, all three major stock indexes swung between bear and bull markets in successive years, with no index enduring wilder swings than the innovation-fueled market. Nasdaq Composite (NASDAQINDEX: ^IXIC).
During the 2022 bear market, the Nasdaq lost a third of its value. But since the green flag was raised in 2023, the Nasdaq Composite has risen 61% and reached several record highs. There is absolutely no doubt that this growth-focused index is clearly on a bull market, although quite young.
Image source: Getty Images.
While some investors may be apprehensive about putting their money to work on Wall Street with the Nasdaq Composite at an all-time high, history shows that every stock market correction and every bear market throughout history in the major indexes has ultimately be eliminated by an uptrend. market recovery. This means that any time can be an opportune time to put your money to work on Wall Street if you are a long-term investor.
Furthermore, value can be found – even among growth stocks. Investors simply need to be willing to look for these hidden treasures.
Below are four unparalleled growth stocks you’ll regret not buying in the Nasdaq’s new bull market.
Amazon
The first exceptional growth stock investor who can confidently add to their portfolios even as the Nasdaq hits new highs is the e-commerce leader Amazon (NASDAQ:AMZN). Although select predictive indicators and cash-based metrics signal an increased risk of a U.S. recession, Amazon’s most important operating segments are perfectly positioned to prosper.
Although Amazon is best known for its online marketplace, which generated about 37.6% of U.S. online retail sales in 2023, the company generates most of its operating cash flow and revenue from segments that are not necessarily focused on for the consumer.
Nothing is more important to Amazon’s future than the continued growth of Amazon Web Services (AWS), the world’s leading cloud infrastructure services platform, with an estimated 31% share by the end of 2023, according to the company. Canalys technical analysis.
Although AWS recently surpassed $100 billion in annual sales, enterprise cloud spending is still early in its anticipated growth. AWS regularly accounts for 50% to 100% of Amazon’s operating revenue and is the segment that fuels its cash flow growth.
Advertising and subscription services are also vital to Amazon. Advertising has not grown less than 20% year over year in more than two years. Meanwhile, the company has strong subscription pricing power with Prime. In exchange for simple perks like free two-day shipping on most items in its online marketplace, it encourages more than 200 million subscribers around the world to stay within its ecosystem of products and services.
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Amazon also remains historically cheap. Shares can be purchased now for about 12 times consensus 2025 cash flow. This represents a steep discount to the 23 to 37 times year-end cash flow multiple that investors voluntarily paid to buy shares throughout the 2010s.
DocuSign
A second unparalleled growth stock you’ll regret not buying on the Nasdaq in a young bull market is the e-signature company DocuSign (NASDAQ: DOCU).
In recent months, there has been speculation that DocuSign could be acquired and taken private. But CEO Allan Thygesen said in an interview with CNBC last week that his company intends to remain public. While short-term investors betting on an acquisition may not be thrilled with these comments, long-term investors should rejoice.
One reason to be excited about DocuSign remaining public is its moat in electronic signatures. According to Datanyze, DocuSign represents more than 67% of the e-signature market. While e-signature growth has slowed somewhat following the worst of the pandemic and with interest rates rising (i.e. fewer loans and mortgages are being underwritten), a long-term double-digit growth trajectory for the global electronic signatures market. software market.
Another reason to trust DocuSign is the company’s balance sheet. During the quarter ending in January (DocuSign’s fiscal year ends January 31), it repaid all of its outstanding convertible debt. The roughly $1.2 billion in cash, cash and cash equivalents and restricted investments the company had heading into fiscal 2025 give it the flexibility to innovate internally as well as grow inorganically.
For example, just three weeks ago, the company announced its $165 million all-cash acquisition of Lexion, an artificial intelligence-powered contract management software company. Incorporating contract management into its suite of existing services has the potential to increase DocuSign’s growth rate and expand its sales channels.
And its forward price-to-earnings (P/E) ratio of 16 is a bargain for a growth stock with a well-defined moat.
Image source: Getty Images.
Green Thumb Industries
A third unparalleled growth stock you’ll kick yourself for not buying during the new Nasdaq bull market is multistate cannabis operator (MSO) Green Thumb Industries (OTC: GTBIF).
The big buzz for marijuana stocks is that a long-awaited cannabis rescheduling appears to (finally) be at hand. Last week, the U.S. Drug Enforcement Administration published its formal proposal that would move cannabis from a Schedule I controlled substance to a less stringent Schedule III controlled substance.
While moving cannabis to Schedule III would not legalize it for recreational purposes, it would no longer subject businesses that touch cannabis, including MSOs, to Section 280E of the U.S. tax code. Section 280E only allows businesses that handle Schedule I and II controlled substances to deduct the cost of goods sold. If and when this measure becomes official, MSOs like Green Thumb will owe much less federal taxes, which should translate into faster profit growth.
What separates Green Thumb from a sea of other MSOs is its product mix. During the first quarter, it generated 57% of its sales from derivatives, which include vapes, edibles, pre-rolls, concentrates, beverages, and health and beauty products. Derivatives are priced higher and have substantially better margins than traditional dried cannabis flowers. This product mix played a key role in making Green Thumb profitable.
Green Thumb Industries also has a presence in many of the top-selling cannabis states, including California, Florida and Illinois. It has 93 operating dispensaries in 14 states, and its pocket is full of retail licenses that can be used to further expand its dispensary presence in major markets.
Visa
A fourth unparalleled growth stock you’ll regret not buying in the new Nasdaq bull market is payments processor Visa (NYSE:V). While it’s subject to the same cyclical headwinds that make some investors skeptical of Amazon, Visa’s clear competitive advantages make it a surefire buy for those with a long investment horizon.
For example, Visa benefits from disproportionately long periods of economic growth. Although recessions are a normal and inevitable part of the economic cycle, they tend to be short-lived. By comparison, most economic expansions last several years. For Visa, it means long periods in which consumers and businesses increase their spending.
To add to this point, Visa’s management team purposely avoided becoming a lender. By being fully focused on facilitating transactions, the company does not need to worry about possible loan defaults and losses when economic crises take shape. Not having to set aside capital to cover these potential losses is a huge advantage in the financial sector.
As with the other companies on this list, Visa’s growth path extends years into the future, if not decades. In addition to being the leader in the US in terms of purchase volume on the credit card network, it has the opportunity to expand its payments infrastructure in chronically underbanked regions of the world, such as the Middle East, Africa and Southeast Asia . Cross-border volume increased 16% in the quarter ended March.
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4 Unparalleled Growth Stocks You’ll Regret Not Buying in the Nasdaq’s New Bull Market was originally published by The Motley Fool
The spotlight next week will shift somewhat to the Federal Reserve’s second-quarter earnings season and monetary policy. Market watchers will be treated to results from several major names, including Dow 30 components Goldman Sachs (GS), UnitedHealth (UNH), Johnson & Johnson (JNJ) and American Express (AXP), along with streaming giant Netflix (NFLX).
The Fed will still attract some attention as investors will be eager to hear from a packed lineup of central bank speakers just before the policy meeting lockout period.
In terms of the economic calendar, after fifteen days of labor market and inflation indicators, activity data will gain momentum in the form of the latest retail sales and industrial production reports.
Earnings Highlight: Monday, July 15 – Goldman Sachs (GS) and BlackRock (Black). See the full earnings calendar.
Earnings Highlight: Tuesday, July 16 – UnitedHealth (UNH), Bank of America (BAC), Progressive (PGR), Morgan Stanley (IN), PNC Financial (PNC) and JB Hunt Transport (JBHT). See the full earnings calendar.
Earnings Highlight: Wednesday, July 17 – Johnson & Johnson (JNJ), US Bancorp (USB), Morgan Children (KMI), United Airlines (UAL) and Ally Financial (ALLY). See the full earnings calendar.
Earnings Highlight: Thursday, July 18 – Netflix (NFLX), Abbott Laboratories (ABT), Black stone (BX), Domino’s pizza (ZDP) and Taiwan Semiconductor Manufacturing (TSM). See the full earnings calendar.
Earnings Highlight: Friday, July 19 – American Express (AXP), Halliburton (THANKS) and Travelers (VRT (return to recoverable value)) See the full earnings calendar.
IPO Observation: Hospital and healthcare clinic operator Ardent Health Partners (TARDT), insurance service provider Twfg (TWFG) and the biotechnology company Lirum Therapeutics (LRTX) are expected to price their IPOs and begin trading next week. The analyst quiet period ends at Rectitude (RECT) to free up analysts to publish ratings.
Police cars outside the residence of Thomas Matthew Crooks, the suspected shooter at a Trump rally on Saturday, investigate the area in Pennsylvania. Following the incident, one rally attendee was killed, two rally attendees are in critical condition and Donald Trump suffered a non-fatal gunshot wound. The shooter is dead after being shot dead by the United States Secret Service. (Photo by Kyle Mazza/Anadolu via Getty Images)
Investors will initially favor traditional safe-haven assets and may lean toward trades more closely tied to former President Donald Trump’s chances of winning the White House after he survived an assassination attempt, according to market watchers.
“There will undoubtedly be some protectionist or safe-haven flows into Asia early this morning,” said Nick Twidale, chief market analyst at ATFX Global Markets. “I suspect gold could test all-time highs, we’ll see the yen being bought and the dollar, and flows into Treasuries as well.”
Early market commentary suggested Trump’s shooting at a rally in Pennsylvania on Saturday could also prompt traders to increase his likelihood of success in the November election. His support for looser fiscal policy and higher tariffs is generally seen as likely to benefit the dollar and weaken Treasuries.
An indicator of market sentiment heading into the weekend: Bitcoin surged above $60,000, likely reflecting Trump’s pro-crypto stance.
Other assets positively linked to the so-called Trump trade include stocks of energy companies, private prisons, credit card companies and health insurers.
Traders will also be closely watching market measures of expected volatility on Monday, such as those in the tariff-sensitive Chinese yuan and Mexican peso, which have begun to price in the U.S. vote.
Trump said he was shot in the right ear after a shooting at his rally. His campaign said in a statement that he was “fine” after the incident, which prompted him to rush off the stage.
“Currencies will be the first major market on Monday in Asia to react to the weekend’s shots. There’s potential for extra volatility, and getting a clear reading could be especially difficult because liquidity will be hurt by Japan’s national holiday,” said Garfield Reynolds, Asia team leader for Bloomberg Markets Live.
Strategists had already expected a volatile run-up to the election, particularly as Democrats are still agonizing over President Joe Biden’s candidacy after his poor performance in last month’s debate raised questions about his age. Investors were also grappling with the possibility that the election could end in a drawn-out dispute or political violence.
But there is little precedent for events like those in Pennsylvania. When President Ronald Reagan was shot four decades ago, the stock market plunged before closing early. The next day, March 31, 1981, the S&P 500 rose more than 1% and benchmark 10-year Treasury yields fell 9 basis points to 13.13%, according to data compiled by Bloomberg.
Bond investors should pay particular attention as the attack is likely to boost Trump’s election chances and ultimately lead to concerns about the fiscal outlook, according to Marko Papic, chief strategist at California-based BCA Research Inc.
“The bond market must at some point become aware of President Trump’s greater chances of winning the White House than any of his rivals,” Papic wrote. “And I continue to believe that as his chances increase, so too must the likelihood of a bond market revolt.”
Kyle Rodda, senior financial markets analyst at Capital.com, said he was seeing client flows into Bitcoin and gold following the shooting.
“This news marks a turning point in American policy norms,” he said. “For markets, it means safe-haven trades, but more tilted toward non-traditional safe-havens.”
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Jio Financial share price: Should you buy this Reliance group stock on Monday ahead of Q1 FY2024 results?
Q1 2024 Results: Jio Financial Share Price will be in focus on Monday as the Reliance Group company has a fixed board meeting on July 15, 2024 to consider and approve the company’s unaudited standalone and consolidated financial results. Trust Group company informed about the Q1 2024 Results date on Wednesday last week via an exchange filing. According to stock market experts, Jio Financial Services Limited is poised to deliver impressive Q1 results for FY25 on solid operating income. They have forecast a healthy QoQ PAT for the company in Q1 FY25.
Jio Financial Services News
Speaking on the Jio Financial Services Q1 2024 results, Manish Chowdhury, Head of Research, StoxBox, said, “We believe Jio Financial Services is poised to deliver impressive results in Q1FY25 aided by its operating income, which is likely to show robust growth driven by strong investment income, which in turn should lead to healthy PAT growth on a sequential basis. Jio Financial Services continues to make strategic moves such as launching digital products and expanding its ecosystem, with a clear focus on future growth. The company has announced plans to introduce products for lending against stocks and mutual funds, leveraging Jio’s large user base, which could be a significant growth driver in the coming quarters.”
“Furthermore, with the NBFC receiving RBI approval to become a primary investment company, Jio Financial Services is well-positioned to unlock value from its investments. Overall, we expect the company to report robust numbers in the upcoming quarter,” the StoxBox expert added.
Jio Financial Stock Target Price
Speaking about the technical outlook of Jio Financial share price, Ganesh Dongre, Senior Manager, Technical Research at Anand Rathi, said, “Jio Financial Services share price is poised to make a fresh high at the ₹260 apiece level. If the stock breaks above this mark, the Reliance Group stock could make a fresh high by touching the ₹290-₹295 zone. Hence, those with Jio Finance stock in their portfolio are advised to stick to the script by keeping a stop loss at ₹205. If the stock breaks above ₹260 decisively, then one can upgrade the stop loss at ₹240 for the near-term target of ₹295.”
On the advice to new buyers regarding Jio Financial stock, Ganesh Dongre said, “New buyers are advised to wait for the breakout. Once the stock breaks above ₹260, one can buy this Reliance Group stock at the short term target of ₹295, keeping a stop loss of ₹240 apiece.”
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms, and not of Mint. Investors are advised to consult with certified experts before making any investment decisions.
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