OLED - Forget Glu Mobile Universal Display Is a Better Growth Stock
Mobile game developer Glu Mobile (NASDAQ: GLUU) is turning a lot of heads these days. Growth investors love the stock's market-stomping gains of 87% over the last year, driven by fantastic in-app sales through titles such as Kim Kardashian: Hollywood and Covet: Fashion. But Glu's games can fall out of fashion just as fast as they connected with users in the COVID-19 lockdowns, most likely taking the stock price down in a hurry.
What if I told you that you can buy a much more stable company with even greater long-term growth prospects and that this stock is quite affordable right now after falling 12% in 2020? Well, you can and it is indeed on sale. I'm talking about display technology developer Universal Display (NASDAQ: OLED).
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