Bear markets technically are 20% drops and the S&P 500 hit the 19% mark this past week (according to Barrons, since 1957 the S&P 500 has dropped 19% fifteen times). There was a very panicky article in the New York Times yesterday about how the “party has ended” for the stock market and we’re going to have more rough/stagnant times ahead. Meh… I don’t think so.
Yes, we’ve confronted some pretty staggering black swan events over the past two-and-a-half years, from COVID’s wrath, Russia’s attack, inflation pegged to the rising price of oil/gas and the ongoing existential threat of climate change. In times like this, when it feels like the earth is moving under our feet, it’s good to remember that investing in the stock market is simply placing a bet on the future. We are in month fifteen of a major sell off, and at some point there will be a return upward as value investors—retail and institutional—rush in to collect the discarded gems. Here are twenty high quality (and heavily neglected) companies that represent the future of sustained growth. Keep the faith!
Rubius (RUBY) $117M
Jounce (JNCE) $225M
DocGo (DCGO) $596M
fuboTV (FUBO) $649M
Sierra Wireless (SWIR) $793M
Perion (PERI) $862M
Veru (VERU) $1B
PubMatic (PUBM) $1.2B
Nextdoor (KIND) $1.3B
Magnite (MGNI) $1.4B
LiveRamp (RAMP) $1.8B
Digital Turbine (APPS) $2.7B
DoubleVerify (DV) $3.6B
DigitalOcean (DOCN) $4B
Ginkgo Bioworks (DNA) $4.7B
Doximity (DOCS) $6.1B
Zillow (ZG) $10B
Roku (ROKU) $13.3B
AppLovin (APP) $15B
Trade Desk (TTD) $25.3B
“Don’t let the noise of other people’s opinions drown out your own inner voice.” –Steve Jobs