3 High-Growth Stocks That Could Soar
This is the best time to buy growth stocks: when the market is scared and investors are negative. The coronavirus pandemic has sent global markets into a tailspin. Share price multiples are shrinking across the board. And yet there's a possible disconnect here, between this macro pessimism and the optimism of individual companies. All three of these businesses are reporting skyrocketing revenue growth right now.
The first stock, Livongo Health (NASDAQ: LVGO), had revenue growth of 138% in its most recent quarter. And this is the slow company of the trio. Innovative Industrial Properties (NYSE: IIPR), the marijuana land baron, is getting dramatically bigger with sales running up 269% in the fourth quarter. But even that pales in comparison to the outstanding revenue jump of Luckin Coffee (NASDAQ: LK), which had sky-rocketing sales, up by 557% in the third quarter.
These three turbo-charged businesses are seeing their stocks flat (or down) in 2020. So let's take a deep dive to figure out which of these companies can continue to ramp up sales growth, even during this COVID-19 shutdown.
Source Fool.com
