Three Growth Stocks Set to Beat the Market
Growth stocks have seen substantial gains and are set to beat the market. Uber Technologies, Modine Manufacturing, and Super Micro Computer are three companies that have seen significant increases in their share prices.
Growth stocks have seen substantial gains and are set to beat the market. Uber Technologies, Modine Manufacturing, and Super Micro Computer are three companies that have seen significant increases in their share prices.
Three Growth Stocks Set to Beat the Market
Growth stocks have seen a significant increase in their overall share price, total revenue, and market capitalization within a relatively short period. These growth companies are a magnet for investors due to the fact that they are always looking for stocks that can beat the market.
However, there is always a risk involved in investing in growth stocks. Unlike traditional value stocks, growth companies are essentially betting on the future. This means that investors need to pay close attention to the company’s press releases and investor sentiment.
The worst thing an investor can do is invest in a growth company and expect a decent return regardless of the reason. If a company starts to become less profitable and its share price falls, it may no longer attract growth investors.
Below, we discuss three different growth companies that have seen substantial increases in their share price, especially within the last year. All three companies have seen positive earnings results and vital placement within their respective industries. Investors studying these three companies may look to beat the market.
Uber Technologies (NYSE: UBER) is based in San Francisco, California, and operates primarily as a passenger transportation company. They also have a delivery segment that offers restaurant pickup orders, retail convenience store deliveries, and additionally, Uber provides logistics services to small businesses.
Over the past year, Uber has seen its share price grow. In August, they released their second-quarter earnings results, stating an increase in total revenue compared to the previous year. The second-quarter report had a net loss of $2.6 billion, but the second quarter of 2021 reported a net income of $1.1 billion. Uber’s mobility business segment saw approximately 35% growth year-over-year.