Author Picks Nvidia, Reddit, Zillow at 16‑55% Discounts
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- Author: I decided to capitalize on the recent market downturn by buying three growth stocks at what I view as attractive entry points.
- Nvidia: The stock is currently trading 16% below its 52‑week high.
- Nvidia: In its latest quarter, Nvidia posted 73% revenue growth and a net margin of 56%.
- Reddit: Reddit is trading 52% below its 52‑week high.
- Reddit: The platform reported a 70% revenue increase in the latest quarter and daily active unique users rose 19% to 121.4 million.
- Zillow: Zillow is trading 55% below its 52‑week high.
- Zillow: Zillow’s revenue has grown 15%–16% annually for the past two years, and it trades at 18× this year’s net income.
Why it matters: Growth investors who follow the author’s approach could capture upside as Nvidia, Reddit, and Zillow trade 16‑55% below their 52‑week peaks while delivering double‑digit revenue growth and high margins; however, they face heightened competition and macro‑economic headwinds that could curb future performance.
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