In today's video I look at fundamentals, valuation metrics, and recent news for Activision (ATVI -0.21%), Pinduoduo (PDD -1.97%), Tattooed Chef (TTCF 12.52%), and MercadoLibre (MELI -0.97%). All four companies are in markets with growth potential and could perform well as long-term investments. Below I share a few highlights from the video.
- MercadoLibre is a growth machine that reported 111.4% year-over-year (YOY) revenue growth and 61.6% YOY unique active user growth for the first quarter of 2021.
- Even though all four companies have strong fundamentals, Activision is currently the best when you look at the trailing 12 months. It has positive cash flow from operations, profitable earnings, and a strong balance sheet with substantial cash and short-term investment compared to debt.
- When you look at data for web searches of "plant-based diet," it shows a steady upward trend for the past five years. The data can be a bullish sign for Tattooed Chef as it expands its plant-based products through acquisitions and product development.
Click the video below for my full thoughts and analysis.
*Stock prices used were the closed prices of June 25, 2021. The video was published on June 26, 2021.