W - 3 Unstoppable Stocks to Buy Right Now Before They Skyrocket
2023-12-02 08:08:00 ET
The market volatility over the last few years has left many familiar brands trading at low share prices. It could be a great buying opportunity for value seekers. Global-e Online (NASDAQ: GLBE) , Wayfair (NYSE: W) , and Cava Group (NYSE: CAVA) look particularly attractive right now. Let's see why three Motley Fool contributors believe these stocks are timely buys.
Jennifer Saibil (Global-e Online): Investors love early-stage investing opportunities because they provide the chance to maximize gains. But most stocks don't move up in a straight line, or everyone would know what to buy and when. Initial public offering (IPO) stocks often take off quickly, especially if there's hype, and it's a fast-growing company. But as valuations soar, IPO stocks often fall, and severely.
Global-e is a classic example. It hit highs right after going public in 2021, and the stock is now down 57% from those highs. Even at this price, it trades at a price-to-sales ratio of almost 11, which is pretty high. But it deserves somewhat of a premium. Not only is it performing incredibly right now despite extreme pressure in retail, it has a massive future opportunity.
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3 Unstoppable Stocks to Buy Right Now Before They Skyrocket