In today's video, I look at two stocks that you should watch right now. The first company is Topps, which is mainly known for its collectible sports cards. Topps is not public but is intended to go public through a SPAC merger with Mudrick Capital (MUDS). The second company is Coupang (CPNG 0.85%), a recent IPO e-commerce giant that operates in South Korea and is growing at solid levels.
2 Reasons to Watch MUDS
- The SPAC merger gives Topps a valuation of close to $1.16 billion with revenue of $567 million for 2020. This is one of the few SPAC mergers that shows a reasonable valuation with a company that is making sales.
- Topps has a strong partnership with various sports and has been working with digital collectibles for some time now. Many investors believe this could be a strong NFT play.
2 Reasons to Watch CPNG
- For every quarter of 2020, Coupang grew its revenue ~90% year over year.
- Coupang has positive cash flow from operations and is close to being profitable.
Click the video below for my full thoughts.
*Stock Prices used were the midday prices of April 7, 2021. The video was published on April 8, 2021.