Pre-IPO Profits

Creating Your Stock Shopping List

Creating Your Stock Shopping List
By Adam Sharp
Date March 17, 2020

We’re going to do something a little different today and talk about public tech stocks – particularly which ones could be great buys during these crazy times.

This is one of the steepest sell-offs in market history, so I believe it’s imperative that we try to make the best of it.

We will come out on the other side of this mess eventually. And when we do, I hope we can say we bought something good for cheap.

Here are the tech stocks I’ve been watching for years but haven’t bought yet due to high valuations. I believe all of these companies have the potential to become the next tech giants.

Shopify (NYSE: SHOP). This company helps independent stores sell their goods online. It’s a huge, fast-growing business. Shopify makes it easy for anyone to sell their goods online. Before all of this COVID-19 stuff, Shopify was growing revenue at a very impressive 47% year-over-year rate. You can find more key statistics here.

Square (NYSE: SQ). This is the fastest-growing payment processor. It also builds point-of-sale hardware. Square grew revenue 40% year over year last year. You can find more key stats here.

Twilio (NYSE: TWLO). Twilio helps companies communicate with their customers through email, text messages and more. Twilio did $1.1 billion in sales over the last 12 months and grew revenue at a 62% year-over-year rate. You can find more key stats here.

Cautionary Note: While the overall stock market and these stocks have already fallen a lot, I suspect this bear market is not over yet. I don’t recommend buying anything all at once. Average into positions over time. It’s unlikely that these stocks have bottomed yet, so be prepared for them to move lower.

Top Posts on Early Investing