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3 Growth Stocks I Just Bought in the Dip -- Should You?

By Jose Najarro - Mar 18, 2021 at 10:08AM

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These are my top stocks to buy in March.

Today I talk about three growth stocks investors should be thinking about buying during the dip. They are all hitting different markets and are seeing strong revenue growth across the board.

  1. Square (SQ -5.83%) Square is a big player in the fintech sector, seeing a 50% five-year CAGR in gross profit due to its Cash App colossal success. Many investors are looking for "reopening stocks," and Square hits that criteria. As more stores reopen, businesses will be doing their transactions with Square's POS system, which Square charges a small fee for during each transaction.
  2. Twilio (TWLO -6.29%) Twilio creates communication APIs that allow software developers to add all types of communication protocols into their applications. Twilio saves the developer time and money as they no longer needs to create protocols from texting, video interaction, text authentication, and more. Twilio's FY20 revenue was up 55% year-over-year, and management believes that FY21 will see a growth of 44% to $7 YoY
  3. Gravity (GRVY -1.33%) Gravity is a gaming company in South Korea with a market cap of less than $1 billion. Its revenue has been growing for the past four years as games have become more available throughout the Southeast Asian market. With a price-to-sales ratio of less than 3 and future mobile game launches this year, this is a company every game investor should watch.

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Stocks Mentioned

Block, Inc. Stock Quote
Block, Inc.
SQ
$78.54 (-5.83%) $-4.86
Twilio Inc. Stock Quote
Twilio Inc.
TWLO
$93.86 (-6.29%) $-6.30
Gravity Co., Ltd. Stock Quote
Gravity Co., Ltd.
GRVY
$55.80 (-1.33%) $0.75

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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