#STOCKS ABOUT TO SKYROCKET TV#

While it’s true that Costco has been hit hard by persistently high inflation, the company has weathered the storm thanks to its enormous membership base.

And with a P/E multiple of 35, it comes with a growth stock’s valuation. Indeed, Costco has been one of the best retail stocks to own over the last decade. Walmart has averaged revenue growth of only 2.6% over the same period. It might be a surprise to see a warehouse-style retailer on my list of growth stocks, but consider this: Costco has averaged 8.8% revenue growth for the past decade. Nevertheless, for investors looking to spice up their portfolio, The Trade Desk brings plenty of potential high-octane growth. And even on a price-to-sales basis, the stock is pricey at 19 times sales. The company’s price-to-earnings (P/E) ratio stands at a staggering 603. Yet, those high growth rates come at a cost. Analysts expect the company to grow sales 26% in 2023 and 19% the next year. And as The Trade Desk grows - particularly overseas - management thinks it can capture more and more of that enormous TAM. However, management believes the company’s total addressable market (TAM) is huge at over $816 billion.

With a market capitalization of $31 billion and trailing-12-month revenue of $1.6 billion, the company is still in its relative infancy.

It allows advertisers to centralize, monitor, and measure the effectiveness of their ad campaigns across multiple formats and platforms. Yet, confusing as it is for consumers, imagine the difficulty advertisers have in predicting who will be watching and where they’ll be watching.įor that reason, The Trade Desk’s business model looks mighty appealing. Indeed, the choices for what to watch - and on what platform - can be overwhelming.

#STOCKS ABOUT TO SKYROCKET TV#

Similarly, you might have a live TV service, like Alphabet‘s YouTube TV or Dish Network‘s Sling. If you’re like me, you subscribe to multiple streaming services. Similarly, the Federal government and Tesla struck a deal to open the latter’s network of EV charging stations to non-Tesla EVs.ĭespite its massive $659 billion market capitalization, Tesla remains a no-brainer growth stock worth owning. The Treasury Department expanded the EV tax credit to Tesla’s Model Y, among other vehicles. Total production in 2022 was 1.3 million vehicles, with analysts predicting that figure to be near 2 million vehicles in 2023. The company’s revenue hit a record $24.3 billion in the fourth quarter, with earnings per share of $1.19 - beating consensus estimates by $0.06.Ĭritically, production levels continue to rise - even as other electric vehicle makers struggle. And after Tesla’s superb fourth-quarter earnings results, I’m left wondering: Why do people still do it? After all the hubbub about how owning Twitter would distract Musk - and potentially put Tesla’s finances in jeopardy - Tesla seems just fine, thank you. So, let’s look at three growth stocks that get the balance right - tangy but not overwhelming: Tesla (TSLA), The Trade Desk (TTD), and Costco Wholesale (COST).Ī lot of money has been lost betting against Elon Musk. But just like the real thing, the wrong growth stocks can turn a well-balanced portfolio into an unsavory disaster. Hot and volatile, the right growth stocks can add some zest to your portfolio. If building an investment portfolio is like making a meal, growth stocks would be the spice.

Stocks about to skyrocket