The stock market plunged in 2022, creating many incredible buying opportunities. Many stocks are rising from that dark chasm in 2023, but it’s never too late to take advantage of rare buy-in windows.
Below are three outstanding high-growth companies trading at significant discounts from their recent highs. The headline is not clickbait, it’s about my favorite stocks. I own all four of them and have doubled down on some of these positions in the last few months.
Buying has never been easier than now, so get started now.
Roku is my best buy idea today
Ever heard of a streaming tech veteran? Roku (Roku 6.58%)The company has faced some struggles lately.? At the same time, the long-term business opportunities have never been more exciting. So a dramatic price drop is equivalent to a flashing neon sign shouting ‘buy now’. to the disco beat. Someone is baking cinnamon rolls in the room. A few puppies sniff at your feet, expecting treats and cuddles. It’s a very attractive scene that you don’t see very often.
The neon lights were even brighter a few months ago. Still, the stock is 89% below his July 2021 high.
ROKU data by YCharts
Why is the price so low? Hardware product manufacturing costs are increasing and management is reluctant to pass those costs on to customers. This has led to negative hardware gross margins over the past six quarters. Additionally, a downturn in the advertising market is also hurting Roku’s growth prospects.
But despite these challenges, Roku still offers a valuable service to viewers, content companies, and advertisers. It brings together all your streaming services in one place to reach a wide audience. In fact, in Q3 2022, there were 70 million active accounts and 23.9 billion hours of content streamed.
And the journey to streaming media dominating the video entertainment market is just beginning. As this long-term trend develops, Roku will benefit from market growth regardless of which streaming service attracts the most subscribers. All major players should support Roku’s market-leading platform. Otherwise, you’ll lose millions of potential viewers who already use Roku’s media consumption portal.
This is one of the most obvious scream buys I’ve seen in years, matched only by the relatively ridiculous ones. netflix (NFLX -1.12%) 2022 first half price reduction. squid game, WednesdayWhen stranger things The skeptics have already been proven wrong, with the stock more than doubling in eight months.
Roku is ready to follow suit. This is my favorite stock to buy today. Feel free to do your own analysis. In fact, I highly recommend it, but you can still quote me.
Rumors of Amazon’s death
After a staggering bull market in the first two years of the COVID-19 pandemic, Amazon (AMZN 3.04%) In 2022 the course is reversed. Amazon’s massive hiring and infrastructure investment came to a halt as endless e-commerce growth slowed amid inflation-based pressures. The stock price he has fallen 39% since the end of December 2021.
According to Kuma, it’s the end of the Amazon Golden Age as we know it.
…and feel good.
We don’t know exactly when Amazon will return to its familiar growth trend, but all signs point to a full recovery at some point. global leader in fueling services, and both macro trends leave plenty of fuel for rocket boosters. While consumers, businesses and governments around the world deal with today’s inflation problem, they are only putting the brakes on.
Depending on how the macroeconomic landscape unfolds, it may take 2024 or 2025 for Amazon to return to full health. But it could happen this year, and Amazon’s stock will skyrocket.
Be sure to keep some Amazon stock in your portfolio if you don’t want to miss an upcoming rocket launch.
Learn lessons with Duolingo
Let’s keep this short and sweet.many investors see duolingo (DUOL 6.37%) As pure play during the coronavirus lockdown. The stock has fallen 53% since his September 2021, and short selling has flooded the language-learning expert’s stock.
But the company isn’t acting like a doomed moment that’s past its sell-by date.
Q3 2022 daily active users increased 51% year over year. Paid subscribers increased his 68%. Topline revenue is skyrocketing, Duolingo’s free cash flow is on the rise, and a language training app is just the beginning of much bigger ambitions.
Longer term, Duolingo wants to be a global leader in many other areas of education, from math and history to natural sciences and critical thinking. If you can learn online, Duolingo would love to teach you. If it can’t, the company wants to find a way to do it. after that it will teach you
When you buy Duolingo stock today, you step onto the first floor of its inspiring vision.
Walt Disney went back to black
Old is new again. Walt Disney (DIS -0.15%) is under a new management team, also known for the legendary leadership of former CEO Bob Iger.
The House of Mouse battled headwinds like any other team in 2022, but under the less successful direction of Bob Chapek. Under Chapek, Disney has increased prices for theme park tickets and the Disney+ streaming service. Insiders worried that Chapek didn’t understand Disney’s creative culture. the avengers Starring Scarlett Johansson. A political misstep in 2022 led to a strike by disappointing members of his staff, and Disney lost useful autonomy over his world.
So Chapek’s mistakes weighed on Disney’s stock last year amid the global economic crisis. Now I am confident the company is making all the right moves to get back on track.The long term growth story is in motion again.
Iger may not be able to patch every Chapek divot, but he has 15 years of experience running the company like a world-class entertainment conglomerate. Meanwhile, the stock has fallen 29% since the end of 2021.
With Bob Iger in a position to save Disney’s bacon, we highly recommend buying stock now.
