Believe it or not…
This is a continuation of FAMANGs and more, in which we found an approximate answer to the question: “what sort of revenue growth would we need to believe in order to buy into some of the most popular “Robinhood” stocks?”. Well, since then many of these high growth tech stocks have taken a beating, which could mean that we perfectly timed our analysis. But, on second thoughts, it really means we need to recalculate and update our analysis. While doing so, we also added some stuff:
- A few more “trader-bro” companies and their stocks.
- A few companies whose stocks we used to own but have exited (at decent returns, I might add). One of them looks particularly attractive after the recent market correction.
- Our current Buylyst Portfolio.
We made one more useful change – we depicted our findings on a scatter plot in which its easier to visualize what we need to believe relative to how the company has been performing lately. Here’s the chart depicting what we need to believe in order to buy some of the most popular stocks hogging all the headlines:
In the rest of the analysis, we’ll perform the same test on our current portfolio, remind you of our methodology, and end with some actionable insights. At The Buylyst, we always believe that if our insights are not actionable, we’re not doing our job.