Stock Market Inventors New Tips 3 Growth Skyrocket Stock Buy

Stock Market Inventors New Tips | A Bull Market Is Coming: 3 Growth Stocks to Buy Before They Skyrocket

Throughout the past century, the stock market has demonstrated a consistent pattern of rebounding from economic downturns and subsequently ascending to unprecedented peaks. This instance is unlikely to deviate from the norm. Stocks have, in fact, reclaimed a substantial portion of their losses incurred during the bear market, and a multitude of indicators point to the emergence of a fresh bull market.

To position you for a slice of the potential forthcoming gains, here are three companies that find themselves in a particularly advantageous position to capitalize on the forthcoming market surge and achieve new heights.

Redfin

Increased mortgage rates have put a damper on home sales. However, as inflation begins to stabilize, the Federal Reserve might be nearing the conclusion of its endeavors to curb rising prices through interest rate hikes. This, in turn, is leading to indications of a potential housing market revival.

Such a revitalized housing sector could prove highly advantageous for Redfin (NASDAQ: RDFN) and its shareholders. As a real estate services provider, Redfin is strategically positioned to thrive as homes change hands.

Redfin operates the most widely used brokerage website, attracting nearly five times the traffic of its closest competitor. This robust online presence brings a substantial number of homebuyers and sellers to its platform. Redfin effectively converts a significant portion of these platform visitors into clients by offering low listing fees. By charging sellers a mere 1% of the sale price, in contrast to the conventional agent commission of 2.5%, Redfin enables its customers to save substantial sums on closing costs.

These cost-efficient advantages have propelled Redfin’s market share upwards in recent years. However, the real estate industry is massive, with the U.S. brokerage sector alone valued at over $120 billion. Despite its impressive expansion rate, Redfin’s presence accounts for less than 1% of the core U.S. existing home sale market. This underscores the considerable growth potential that still lies ahead for the company.

Investors should take note that Redfin has not yet achieved profitability. However, after divesting its home-flipping operations and implementing other measures to trim costs, Redfin has transformed into a leaner and more focused enterprise. CEO Glenn Kelman anticipates that the company will achieve break-even status on an adjusted basis in 2023. If the ongoing recovery in the housing market gains momentum, profitability might even arrive sooner.

SoFi Technologies

The shift to digital banking is well underway, and SoFi Technologies (NASDAQ: SOFI) is strategically positioned to capitalize on this significant trend. This emerging player in online personal finance is primed to generate substantial returns for its investors by claiming a larger portion of the trillion-dollar U.S. commercial banking sector.

With enticing annual percentage yields reaching 4.5%, SoFi’s online bank accounts are attracting substantial interest among consumers. The second quarter saw SoFi welcoming more than 584,000 new members, contributing to a notable 44% year-over-year surge in its total member count, which now stands at an impressive 6.2 million.

These increases in clientele are driving a notable upswing in SoFi’s deposit base, providing a valuable source of low-cost funds to support its lending operations. In total, the digital bank witnessed a 26% expansion in total deposits, reaching $12.7 billion. Concurrently, its total loan origination volume experienced a robust 37% climb, reaching $4.4 billion.

The second quarter witnessed a substantial 37% rise in SoFi’s revenue, which now stands at $498 million. Alongside the company’s efficiency-focused initiatives, these gains propelled an impressive 278% surge in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to reach $77 million.

What’s even more promising is that SoFi’s management anticipates the company achieving sustained profitability under generally accepted accounting principles (GAAP) by the fourth quarter. By investing in SoFi’s shares at this juncture, you position yourself to partake in the potential profits alongside this leading fintech entity.

The Trade Desk

As an increasing number of individuals are abandoning traditional cable bundles in favor of streaming alternatives, marketers are swiftly adjusting their advertising strategies to embrace online content. In this evolving landscape, The Trade Desk (NASDAQ: TTD) is emerging as a preferred choice for this transition.

The Trade Desk operates as an intermediary, connecting ad buyers and sellers. This adtech specialist aids its clients in optimizing their marketing campaigns across a diverse range of digital formats. Utilizing artificial intelligence (AI), its Kokai media-buying platform extracts valuable insights from millions of ad impressions in real time. Functioning as a trusted co-pilot, Kokai assists marketers in acquiring the right ads at the optimal prices and strategically placing them in front of their desired target audience at precisely the right moment.

Consequently, advertisers are gravitating toward The Trade Desk’s platform. Reflecting this traction, the company’s revenue surged by 23% year over year, reaching $464 million in the second quarter. Meanwhile, its adjusted earnings per share experienced a remarkable 40% increase, reaching $0.28.

Despite this impressive growth trajectory, it’s important to note that The Trade Desk still holds only a fraction of the approximately $830 billion annual global ad spending market. Fueled by the power of AI, this forefront adtech leader is poised to undergo substantial expansion, potentially transforming into a significantly larger enterprise in the forthcoming years.