Hypothesis:
The stock market has ridden the twin roller coasters of COVID and Russia’s invasion since an initial plunge in April 2020 to a high mark in November 2021 and then back down to its nadir last month. The autopilot investing method of putting money into mega caps and tech index funds has proven unreliable, as by design it creates a bubble where the size of the companies in weighted indexes generates the investment instead of actual business practices. This leads to an interesting moment where many companies have had their market caps reduced, including a number of promising small-cap and mid-cap tech companies. Based on how the market has behaved in the last two-and-a-half years, the hypothesis is that in the next two weeks of earnings reports the market caps of these ten tech businesses listed below will skyrocket as there will be a sudden return to value among retail and institutional investors. We’ll circle back to check results.
fuboTV (FUBO) $678M
PubMatic (PUBM) $911M
Magnite (MGNI) $969M
Nextdoor (KIND) $1B
LiveRamp (RAMP) $1.2B
Digital Turbine (APPS) $1.4B
Duolingo (DUOL) $3.2B
DigitalOcean (DOCN) $3.4B
Doximity (DOCS) $5.1B
Roku (ROKU) $7.7B
“To improve is to change; to be perfect is to change often.” –Winston Churchill