In today’s video, I look at three more stocks that you should keep an eye on. Below are three reasons to add each stock to your watch list as a potential buy.
Three reasons to watch Pinterest (NYSE:PINS):
- Pinterest is down roughly 14% from its 52-week high, with a market cap of $48.7 billion.
- On Friday, April 16, the stock price dropped over 7%. There have been no fundamental changes to the business, which can present a buying opportunity to investors.
- Pinterest’s most recent quarter showed strong growth. Fourth-quarter revenue grew 76% year over year, and global monthly active users grew 37% year over year to 459 million.
Three reasons to watch Adobe (NASDAQ:ADBE):
- Adobe has strong fundamentals with positive earnings, positive cash flow from operations, and more short-term assets than debt.
- In its most recent quarter, Adobe achieved 26% year-over-year growth in revenue and increased its annual recurring revenue to $10.69 billion.
- Adobe raised its full-year 2021 guidance after reporting strong Q1 earnings.
Three reasons to watch C3.ai (NYSE:AI):
- C3.ai is down over 60% from its all-time high, with a market cap of $6.7 billion.
- C3.ai’s most recent earnings showed revenue increased 19% year over year, and subscription revenue increased 24% year over year. Analysts project this company will maintain strong revenue growth for the next few years.
- C3.ai is currently negative in earnings and cash flow from operations, but it has a strong balance sheet with no debt to help the company stay afloat.
Click the video below for my full thoughts.
*Stock prices used were the midday prices of April 16, 2021. The video was published on April 16, 2021.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
View more information: https://www.fool.com/investing/2021/04/17/3-growth-stocks-you-should-keep-an-eye-on/