RVLV - 1 Under-the-Radar Growth Stock to Buy and Hold
2023-11-30 09:10:00 ET
There are many different types of investing styles, and two major categories are short-term buyers versus long-term buyers. Short-term investing has certainly led to success for some investors, but the nail-biting and stress that comes with it, in addition to inevitable losses over time, make it a less-than-ideal choice for most investors. On top of that, long-term investing is likely to provide better returns over the long run anyway.
What a long-term approach does require, though, is patience and foresight. With that in mind, I've identified a stock that's been crushed this year but has incredible long-term potential. Revolve Group (NYSE: RVLV) has the makings of a great stock, and now could be the time to buy.
Revolve was built 20 years ago with an artificial intelligence (AI) infrastructure that informs all of its business operations. It can make quick and accurate merchandising calculations based on product popularity to take advantage of up-and-coming trends while meeting shifting demand. The company releases about 1,500 items weekly, and since it has accurate information based on millions of data points, 85% of net sales were at full price in 2022. That has given it an edge in the industry as it has grown to become a top name in high fashion.
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1 Under-the-Radar Growth Stock to Buy and Hold