23July22: Phoenix Rising

Q2 earnings season has begun and I do feel optimistic about the market pivoting to a northern trajectory for lower cap growth companies. The weighing of revenue and margins will kick in and these value plays should be recognized for the incredible deals that they are. It’s been a rough ride… hold on to your hats!

ADP Phoenix Forty

8 micro-caps

17 small-caps

13 mid-caps

2 large-caps

Rubius (RUBY) $69M

Shift Tech (SFT) $86M

Curis (CRIS) $101M

Puma Bio (PBYI) $144M

CalAmp (CAMP) $158M

Jounce (JNCE) $167M

1stdibs.Com (DIBS) $228M

GrowGeneration (GRWG) $299M

Viant (DSP) $309M

Vaxart (VXRT) $472M

fuboTV (FUBO) $473M

DocGo (DCGO) $725M

PubMatic (PUBM) $818M

Materialise (MTLS) $828M

Perion (PERI) $847M

Sierra Wireless (SWIR) $923M

Digi Int (DGII) $925M

Magnite (MGNI) $1.1B

Veru (VERU) $1.1B

Nextdoor (KIND) $1.3B

Proto Labs (PRLB) $1.3B

Celldex (CLDX) $1.4B

Xperi (XPER) $1.7B

LiveRamp (RAMP) $1.9B

Digital Turbine (APPS) $1.9B

Ballard Power (BLDP) $2.1B

StoneCo (STNE) $2.9B

SunPower (SPWR) $2.9B

Opendoor (OPEN) $3.2B

DoubleVerify (DV) $3.9B

DigitalOcean (DOCN) $4B

Novavax (NVAX) $4.3B

New York Times (NYT) $5.2B

Ginkgo Bio (DNA) $5.2B

First Solar (FSLR) $7.7B

Exact Sciences (EXAS) $8B

Doximity (DOCS) $8.1B

Zillow (ZG) $8.9B

Roku (ROKU) $12.1B

Trade Desk (TTD) $23B

“Persistence can change failure into extraordinary achievement.”– Marv Levy