Spotify (NYSE: SPOT), Carvana (NYSE: CVNA), and Netflix (NASDAQ: NFLX) are three rapidly growing companies that I'd buy right now. Here's why.
Spotify shares have been on a massive tear since they bottomed around $118 per share in March during the initial COVID-19 panic. Since then, they have soared 97% to $231 per share as of this writing.
Some of that has been due to a solid first-quarter earnings report that showed continued strong growth and minimal disruption from the effects of COVID-19. But the big news lately that sent the stock up 19% in May was the signing of Joe Rogan to a multiyear exclusive podcast deal. And more recently, the stock has surged higher due to the signing of Kim Kardashian and the DC Comics universe to exclusive podcast deals as well.