U - Why I'm Buying Shares of Ontrak and Unity Software
It's no secret that companies involved in cloud computing, virtual direct-to-consumer sales, artificial intelligence (AI), and augmented reality (AR) are onto something big. Two exciting stocks come to mind when we start on the topic. Ontrak (NASDAQ: OTRK) stock is up 327% from a year ago, and yet the company is still pretty small, with a market cap of a little over $1 billion. The company competes with Livongo in the virtual healthcare space, helping people manage mental health issues and chronic physical conditions.
Unity Software (NYSE: U) IPO'd in September, an event which was overshadowed by the big Snowflake splash. Unity is already a very large company with a market cap of almost $23 billion. In my hunt for 10-baggers, I usually look to smaller companies to deliver. Unity, however, has a vast market opportunity ahead. Unity's software is one of the two major platforms upon which video games are built (Epic Games' Unreal Engine is the other). But what's really exciting about Unity is the company's platform for AR apps.
Here's my case for buying these two stocks now, before they go even higher.
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Why I'm Buying Shares of Ontrak and Unity Software