LLNW - 3 Small Cap Growth Stocks I'm Planning to Buy
The economy is still reeling from the coronavirus pandemic and the economic lockdowns to halt its spread. But the stock market has rallied, and as measured by the S&P 500, is a mere 7% from where it started 2020. What gives?
It's true that the market may have run far ahead of the current economy, but markets are chiefly concerned with the future and are anticipating conditions will mend sooner than later. Additionally, we live in disruptive times, and a new set of digital-based businesses is quickly growing in importance -- if not overtaking old incumbent business operations.
Paired with optimism around an eventual economic rebound, I've been scouring stocks for small companies that play in big industries, have long runways for growth in the next decade, and are still going largely unnoticed. Three stocks I plan to purchase in the next month are LiveRamp Holdings (NYSE: RAMP), Limelight Networks (NASDAQ: LLNW), and REPAY Holdings (NASDAQ: RPAY). These three companies are imperfect, as are most small businesses, but they have lots of potential.