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Here Are A Few Younger Stock Long Suggestions

ByTim Knight
Published 03/29/2022, 12:36 PM
Updated 07/09/2023, 06:31 AM

Here are some younger stocks that seem to be basing and hold the prospect for strong price gains, assuming the minuscule dip we saw in February constitutes the only bear market we’re going to get this decade.

Cambium Networks Corp (NASDAQ:CMBM):

CMBM Chart.

Datadog Inc (NASDAQ:DDOG):

DDOG Chart.

xxx:

DOMO Chart.

Canoo Inc (NASDAQ:GOEV):

GOEV Chart.

GrowGeneration Corp (NASDAQ:GRWG):

GRWG Chart.

Immunovant Inc (NASDAQ:IMVT):

IMVT Chart.

Cloudflare Inc (NYSE:NET):

NET Chart.

Rent the Runway Inc (NASDAQ:RENT):

RENT Chart.

Sweetgreen Inc (NYSE:SG):

SG Chart.

YETI Holdings Inc (NYSE:YETI):

YETI Chart.

And just to play devil’s advocate for a moment, I would close by pointing out that other poorly-performing stocks have exhibited the ability to lure people in at pretty much the worst time. Take a look at this lifetime history of Nikola Corp (NASDAQ:NKLA), taking special note of the price’s relationship to its slowest moving average.

NKLA Chart.

Latest comments

YETI is a Zacks Rank #5 (Strong Sell).Seven analysts have cut their full year earnings outlook over the past 60 days, and the consensus estimate has dropped nine cents to $2.87 per share. However, YETI's earnings are expected to grow about 11.7% for fiscal 2022, with sales increasing 19.6% for the same period.
Thank you Tim!
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