The 9 Best Growth Stocks to Buy Now in July (2024) | NVDA, Nvidia Stock | My Top Growth Stocks
Summary
TLDRIn this video, the host reveals their top nine growth stocks to buy in July, including Nvidia, Amazon, and Alphabet, highlighting factors like advertising revenue, asset-light business models, and digital transformation. They discuss the performance of these stocks against market indices and emphasize the importance of doing one's own research rather than relying solely on recommendations. The video aims to inform and engage viewers on investment opportunities in the current market.
Takeaways
- 📈 The presenter shares a list of top nine growth stocks to buy in July, emphasizing they will reveal them early in the video.
- 💡 The presenter will discuss the factors influencing their stock picks and provide a brief analysis without extending the video length.
- 📊 They will also share the performance of these growth stocks, comparing it to the S&P 500 and equal weighted index to demonstrate the performance so far in 2024.
- 👍 The top nine growth stocks mentioned are Nvidia, Amazon, Snap, Fiverr, PayPal, Salesforce, Uber, Alphabet, and Chewy.
- 🆕 Chewy was recently added to the list on March 1st and has seen a significant increase of 41% since then, becoming a 'meme stock'.
- 💻 The presenter highlights the relatively inexpensive valuations of the recommended stocks, with Snap being the most expensive at a forward PE of 37.
- 📐 The presenter is bullish on the advertising industry, particularly digital advertising, and explains why they like Snap and Alphabet for their positions in this space.
- 🚀 The asset-light business model of Fiverr and Uber is praised for its potential to return more profits to shareholders and their significant growth and network effects.
- 🛒 Amazon and PayPal are set to benefit from normalized consumer behavior, shifting back to online spending, with Amazon showing profitability and PayPal offering convenience.
- 💡 Nvidia is valued for its forward PE not increasing as much as its stock price, keeping it a top pick, while Salesforce has pivoted to AI, boosting its appeal.
- 🐶 Chewy, an online pet retailer, has seen its stock price respond positively after management improved efficiencies and became more optimistic about the market.
- 📉 Despite outperforming indices year to date, the presenter warns against overreliance on their stock picks and emphasizes the importance of individual due diligence.
Q & A
What are the top nine growth stocks recommended in the video?
-The top nine growth stocks recommended are Nvidia, Amazon, Snap, Fiverr, PayPal, Salesforce, Uber, Alphabet, and Chewy.
What is the significance of the date March 1st mentioned in the script?
-March 1st is significant because it is the date when Chewy stock was added to the list of top growth stocks to buy, and since then, it has seen an increase of 41%.
Why is the presenter bullish on the advertising industry?
-The presenter is bullish on the advertising industry, particularly the digital advertising sector, as marketers are allocating an increasing share of their budgets to digital advertising.
What makes Snap and Alphabet appealing as growth stocks?
-Snap is appealing due to its younger user base and solid cash flow, while Alphabet is attractive because of its dominating position in the advertising industry.
What is the asset-light business model, and why does the presenter like it?
-The asset-light business model involves companies that do not require significant physical assets to operate. The presenter likes it because it allows for more profits to be returned to shareholders via dividends or share buybacks, increasing earnings per share.
How has Uber's growth been influenced by its network effect?
-Uber has grown significantly and has become a verb, indicating its network effect. The large number of users has made it a go-to service for ride-sharing and food delivery, contributing to its growth.
What is the current forward PE of Fiverr, and why is it considered cheap?
-Fiverr's current forward PE is 8.8, which is considered cheap. There are concerns about artificial intelligence's impact on the gig economy, but the presenter believes these concerns are overblown and that the overall impact will be neutral.
What macroeconomic factors are working in favor of Amazon and PayPal?
-The normalization of consumer behavior, with a shift towards online spending, is a macroeconomic factor benefiting both Amazon and PayPal. Additionally, both companies are profitable and trading at relatively cheap valuations.
What is Nvidia's forward PE at the start and end of the year, and why is it still considered a top stock to buy?
-Nvidia started the year with a forward PE of around 28 and is now at 34. Despite the increase in stock price, the forward PE valuation has not increased proportionally, keeping it on the list of top stocks to buy.
How has Salesforce pivoted its business strategy to stay competitive?
-Salesforce has pivoted to artificial intelligence, employing its enterprise resource management system and AI to help enterprises connect with consumers, which has become increasingly sought after as businesses are less fearful of a recession.
What is the year-to-date performance of the presenter's top nine growth stocks, and how does it compare to market indices?
-The year-to-date performance of the top nine growth stocks has been strong, with Nvidia at 151%, Alphabet at 31%, and Amazon at 29%. The presenter's portfolio has outperformed the S&P 500 by a significant margin and nearly five times the equal weight index.
Why does the presenter caution against relying too much on their stock recommendations?
-The presenter cautions against overreliance on their recommendations to avoid complacency and overconfidence in the early results. They emphasize the importance of doing one's own due diligence before investing in any stocks.
Outlines
📈 Top 9 Growth Stocks for July
The speaker introduces their top nine growth stocks to invest in for July, promising to reveal them early in the video. They plan to discuss the reasons behind their choices, the performance of these stocks, and compare their portfolio's performance against the S&P 500 and an equal-weighted index. The stocks listed are Nvidia, Amazon, Snap, Fiverr, PayPal, Salesforce, Uber, Alphabet, and Chewy. The speaker emphasizes the relatively low valuations of these stocks and provides a brief rationale for including each one, such as Snap's young user base and Alphabet's dominance in digital advertising.
🚀 Growth Stocks with Asset-Light Business Models
The speaker elaborates on the appeal of asset-light business models, exemplified by Fiverr and Uber, which allow for greater profit return to shareholders through dividends or buybacks. They discuss the impact of AI on the gig economy, suggesting that fears are overblown and that the overall effect will be neutral. The speaker also covers Amazon and PayPal, noting their benefits from normalized consumer behavior post-lockdowns and the convenience of PayPal for online shopping. They highlight the profitability and attractive valuations of these companies, with Amazon and PayPal trading at forward PE ratios of 30.43 and 12.62, respectively.
📊 Performance Review and Investment Caution
The speaker reviews the performance of the recommended growth stocks year-to-date in 2024, with Nvidia leading at a 151% return. They compare the performance of their portfolio to the S&P 500 ETF and an equal-weight index, noting that their selection has significantly outperformed these benchmarks. However, they caution viewers against becoming overly reliant on their stock picks, emphasizing the importance of due diligence and a diversified approach to investing. The speaker concludes by appreciating the viewers' time and encourages subscription and engagement for more content.
Mindmap
Keywords
💡Growth Stocks
💡Valuation
💡Advertising Industry
💡Asset Light Business Model
💡Network Effect
💡Consumer Behavior
💡Forward PE
💡Artificial Intelligence (AI)
💡Meme Stock
💡Portfolio Performance
💡Mean Reversion
Highlights
The presenter shares their top nine growth stocks to buy in July, promising to reveal them early in the video.
The presenter will discuss the factors influencing their stock picks and provide a brief analysis of each.
Performance of the presenter's growth stock portfolio against the S&P 500 and equal weighted index will be shared.
The list of top nine growth stocks includes Nvidia, Amazon, Snap, Fiverr, PayPal, Salesforce, Uber, Alphabet, and Chewy.
Chewy was recently added to the list on March 1st and has seen a 41% increase since then.
Snap and Alphabet are highlighted for their significant revenue generation through advertising.
Fiverr and Uber are praised for their asset-light business models and potential for shareholder returns.
Amazon and PayPal are set to benefit from normalized consumer behavior post-lockdowns.
Nvidia is noted for its consistent performance with a forward PE increase not matching its stock price growth.
Salesforce's pivot to artificial intelligence in its enterprise resource management system is discussed.
Chewy's performance as an online pet retailer during the pandemic and its optimistic outlook for the year is highlighted.
The presenter's growth stocks have significantly outperformed the S&P 500 and equal weighted index year to date.
Nvidia stands out with a 151% return year to date, leading the list of growth stocks.
The presenter cautions viewers against over-reliance on their stock recommendations and emphasizes the importance of due diligence.
A reminder that the presenter's goal is to inform, not to encourage盲目 investment based on early results.
An invitation for viewers to subscribe or like the video to support the creation of more similar content.
Transcripts
all right I'm going to share with you my
top nine growth stocks to buy right now
in July and I'm going to reveal the
stocks uh less than two minutes into the
video so I'm not going to make you wait
all the way to the end to reveal those
stocks but in addition to revealing what
my top nine growth stocks to buy right
now are I'm going to explain and
elaborate the factors that lead me to
like these stocks at current valuations
I'm going to discuss those in a little
bit of detail not too much detail
because that would require a much longer
video but I'll discuss those and then
I'll also reveal the performance of
these growth stocks I'll let you know
how my portfolio of growth stocks has
performed against the S&P 500 and
against the eal weighted index to share
with you my performance so far in 2024
so without further Ado let's take a look
at the the nine growth stocks I have
rated as the top growth stocks to buy
right now I want to thank the mle fool
for sponsoring this video visit full.com
parev for the 10 best stocks to buy now
all right so here are my top nine growth
stocks to buy right now they include
Nvidia Amazon snap Fiverr PayPal
Salesforce Uber alphabet and chewy and
these are the nine growth stocks I have
rated as my top nine growth stocks to
buy now some of them I've had it on the
list all year long others like chewy I
added recently in fact I added chewy
stock March 1st is when I added chewy
stock to my list of top growth stocks to
buy and chewy stock is up
41% since I made that upgrade into my
list of top stocks to buy top growth
stocks to buy in in March so the chewy
recommendation the timing on that has
been really really fortuitous especially
as it's become known as now a meme stock
and that's helped lift and bring more
attention to chewy although the
valuation has not increased by all that
much since it became a meme stock you
see that big jump there and then a big
draw down that's not uh a reason why
I've had it on my list of top growth
stocks to buy now one thing you'll
notice with my list of top growth stocks
to buy is they're relatively inexpensive
valuations the most expensive stock on
my list here is snap at a forward PE of
37 and I guess I'll start here on why I
like the stocks I'm recommending here so
I'll do them uh collectively here so
snap and alphabet these are two
companies that generate significant sums
of Revenue through advertising I'm
bullish on the advertising industry
longer term even more bullish on the
digital advertising industry longer term
marketers are allocating increasing
share of their budgets to digital
advertising snap I like because of its
relatively younger user base it skews
much younger than any of the other
social media apps and it's got hundreds
of millions of daily active users
management has improved profitability
cash flow is solid I like that business
model similarly I like alphabet because
of its dominating position in the
advertising industry again like I
mentioned bullish on the advertising
industry overall and alphabet's market
share and market dominance in that
industry so those are reasons why I like
Snap and alphabet so the next pairing I
want to discuss is Fiverr and Uber now
Fiverr and Uber both employ that asset
like business model that platform
business model that I'm attracted to I
like these asset light business models
because more of those profits can be
sent back to shareholders via dividends
or share Buybacks in the case of these
two companies as they grow as their cash
flow expands more of that can be
returned to shareholders thereby
increasing earnings per share by
reducing the number of shares
outstanding also these two companies
have grown to a significant size
sufficient to command a network effect
in their respective Fields Uber has
become a verb right you Uber it and
that's generating because of the number
of millions of users that use Uber's
food delivery app and the ride sharing
app surprisingly they've both done well
as economies have reopened Fiverr is
trading at a very cheap valuation
forward PE of 8.8 there's a lot of fears
of how artificial intelligence is going
to hurt the gig economy and I think
those are overblown I think there will
be impact but I think the impact will be
bifurcated meaning it won't be an
overall decrease I think it'll be a
decrease in some categories and an
increase in other categories and I think
there will be an offsetting impact
leaving the G economy relatively flat
overall and that's what I've heard from
the management teams of Fiverr and
upwork as well the next pairing I want
to discuss is Amazon and PayPal so
Amazon and PayPal are both benefiting
from consumer Behavior normalizing so if
we zoom out in the Last 5 Years consumer
Behavior has gone through some
unprecedented changes first with the
lockdowns people spent an enormous sum
of money online because they were not
allowed to spend money in person as
economies reopened those behaviors
shifted people Unleashed pent up demand
for away from home experiences and that
was bad news for Amazon and PayPal
Amazon obviously online spending right
e-commerce of course PayPal less
obviously because PayPal benefits When
consumers are spending more money on
online its app is more helpful its
account is more helpful to people that
are shopping online it's more convenient
for people shopping online there's
really no Advantage for PayPal when
you're shopping in person it doesn't
have any distinct Advantage so when
people are shopping in person there's
really no reason to have PayPal or
relatively little reason why PayPal is
any better than any other company but
when you're shopping online and you have
PayPal account it adds convenience
because you can just oneclick log into
PayPal and pay for whatever it is that
you're buying instead of having to take
out your credit card and type in all
that information on a new site so there
is its Advantage so now that consumer
behavior is
normalizing these two will benefit from
that Trend additionally within the
business they are strongly profitable
and trading at relatively cheap
valuations 30 4.43 forward PE for Amazon
forward PE of just 12.62 for PayPal so
good valuations and the macroeconomic
factors consumer Behavior working in
each of their favor and I also need to
discuss Nvidia trading at a forward PE
of
throughout the year Nvidia started the
year trading at a forward PE of around
28 and it's now trading at a forward PE
of 34 so the forward PE valuation hasn't
increased anywhere near where the stock
price has increased thereby keeping it
on my list of top stocks to buy and
finally Salesforce the company has
pivoted to artificial intelligence
employing its enterprise resource
management system and artificial
intelligence to help Enterprises connect
with consumers and that's been
increasingly looked out for now that
businesses are not afraid of a recession
as much as they were in 2023 and
remember in early 2023 Salesforce cut
thousands of jobs and that's boosted
profitability for the business overall
and it's not trading expensively it's
relatively cheap actually at a forward
PE of just
23 so finally chewy forward PE of
23.94 trwy one of those companies
benefited significantly during the
pandemic as online shopping increased
it's an online pet
retailer coming into this year
management was pessimistic about the
overall Market but I thought management
was being overly pessimistic I thought
the economy and people spending on pets
the humanization of pets would lead to
continued growth in the business
and it turns out to be the case after
the first quarter chewy upgraded its
outlook for the rest of the year
becoming more optimistic and the stock
price has responded the company's
management has done a good job improving
efficiencies in the business getting
better at Logistics and fulfillment
which is a critical part of the
company's business and that's boosted
profitability and cash flow so now that
I've highlighted all of these growth
stocks my top nine growth stocks let me
share with you how they've performed so
far so year to date here is the
performance of the nine growth stocks
Nvidia obviously the best performer at
151% return year to date so far in
2024 uh others have done well alphabet
at
31% Amazon at 29.798591
if I were to compare with the S&P 500
ETF the total return is
15.45% but I feel the equal weight index
is more comparable to my list of stocks
because I don't overweight any of my
stocks based on market cap whereas the
S&P 500 Index does overweight higher
market cap stocks so that would mean if
I were to employ the same process that
would mean I place greater weight on
Nvidia Amazon and alphabet which are my
best performing stocks in my list at 150
29 and 31% and I would underweight the
smaller companies like Fiverr which is
my worst performing stock attive
18.37% so comparing to the equal weight
index I think is more comparable to my
comparison and the way I've returned the
list of growth stocks here so at
4.12% you can see my portfolio has
returned
21.73% year to date in 2024 even if you
compare it to the S&P 500 I'm
outperforming these growth stocks are
outperforming the S&P 500 Index by a
meaningful sum 21.73 to
15.45 but if you compare to the equal
weight index at just
4.12 my group of nine growth stocks has
meaningfully outperformed nearly 5x the
equal weight index but as I've said
throughout the year I would not expect
to continue outperforming the index by
this magnitude for a long period of time
maybe for a a few months maybe for half
a year maybe for one year maybe even for
two years but longer term I'm not
confident that I will outperform the S&P
500 Index by this magnitude or
outperform the equal weight index by
this magnitude I think that would be
unrealistic to expect that I think there
will be a mean reversion to the equal
weight index over the longer term I
think uh either the equal weight index
will outperform the rest of the year
meaning its performance will be really
strong or my group of stocks will come
down to match close with the equal
weight index why do I say all of this
because I don't want my viewers to start
to become over reliant on my stock
recommendations and my stock picks I
don't want you to gain too much
confidence in these early results and
think to yourself oh my goodness every
stock that parev recommends is going to
outperform so let me go out and buy
everything he's recommending because
clearly he knows what he's doing and
clearly he's outperforming and this this
is going to continue so let me just go
ahead and go with his picks that's what
I want you to avoid I don't want you to
jump to that conclusion I just share
this with you for informational purposes
I want everyone to follow through and do
their own due diligence before picking
any stocks to buy thank you for watching
this video I truly appreciate it I know
there's a lot you could be doing with
your time and a lot of other videos you
could be watching so I truly appreciate
that you chose to watch this one if you
want to see more videos just like this
hit the Subscribe or the like button
they'll both help me make more videos
just like this one thank you again
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