A deep dive into 5 of the hottest stocks on the market
5 stocks with huge growth potential you might want to consider
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Weekly Market Update 🗒️💡
Meta Beats Earnings
This past Wednesday Meta released earnings and they were better than expected.
Revenue increased by 23%, the fastest rate seen since 2021.
Here’s a quick breakdown:
EPS: Meta reported an EPS of $4.39 vs. $3.63 (expected).
Revenue: Meta reported revenue of $34.15 billion vs. $33.56 billion (expected).
Daily Active Users (DAUs): 2.09 billion vs. 2.07 billion (expected).
Monthly Active Users (MAUs): 3.05 billion vs. 3.05 billion (expected) right on par.
Average Revenue Per User (ARPU): $11.23 vs. $11.05 expected.
*All values are from CNBC*
It seems that a large factor in Meta’s recent growth is due to its progress in improving the effectiveness of its online ads following Apple’s IOS privacy changes in 2021, which made it more challenging for app developers to target users.
Online commerce was the biggest contributor to year-over-year growth in ad revenue.
CEO Mark Zuckerberg said that Meta has seen a 7% increase in time spent on Facebook and a 6% jump on Instagram. He states that this is a result of “recommendation improvements”.
Meta’s Reality Labs division, whose main function is working on virtual reality and augmented reality technology, has stacked $3.74 billion in losses for the quarter and $25 billion since the start of last year.
Nevertheless, the stock is up about 150% this year, making it the 2nd best performer in the S&P 500, trailing only behind Nvidia.
A deep dive into 5 hot stocks on the market right now
Every investor knows that picking stocks can be a challenging task.
Every investor also knows that picking individual stocks can lead to massive gains in your portfolio… if done correctly.
It’s a constant tug of war between wanting to preserve your wealth but also wanting to grow it at the same time.
The truth is, most investors don’t know what to look for in a quality company.
Common behavior is to just invest in stocks that are popular at the moment, without putting much thought into the 5-10 year forecasts.
Usually when a stock is popular, it’s a clear sign to stay away.
The trick is to find the companies that are not yet being talked about, but have strong fundamentals to grow in the future.
This is how you get your first 10-bagger, otherwise known as a company that appreciates 10 times its initial purchase price.
In today’s post, I’m going to be revealing 5 stocks that have phenomenal growth forecasts and explaining why they might be a good investment over the next decade.
1) Planet Fitness (PLNT)
Planet Fitness is a discount gym that operates facilities in the US, Canada, Mexico, and many other countries across the globe.
You might be thinking, why would I invest in a discount gym chain?
Let me explain.
The company has experienced some impressive growth over the last year, and analysts are predicting that earnings will continue to 2x every year for the next 5 years.
Following the pandemic, a time when public gyms were closed and the rest of the world shut down, sales have been rising consistently.
The company is predicted to grow its sales at a 3-year average rate of 25.3%, with a 5-year average annual EPS forecast of 197.7% and a current 1-year EPS forecast of 101.4%.
This company also received a financial health grade of “B” from Morningstar with a buyback yield of 2%.
