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I'm Watching These 4 Growth Stocks This Week for Potential Buying Opportunities

By Jose Najarro – Aug 17, 2021 at 10:30AM

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Is volatility in the market providing buying opportunities for these four growth stocks?

In today's video I look at recent news, earnings, and fundamentals for DraftKings (DKNG -0.19%), Crowdstrike (CRWD -0.06%), SoFi Technologies (SOFI -0.84%), and Paysafe (PSFE -1.32%). These four growth stocks are in the online betting, cybersecurity, and fintech markets. Here are some highlights from the video. 

  1. In the past 30 days, DraftKings has made the following innovative moves to boost its daily active users. First, it entered a definitive agreement to acquire Golden Nugget Online Gaming (GNOG), which could bring new users to its DraftKings Casino application. Second, it has opened an online marketplace that allows users to buy, sell, and trade digital collectibles. 
  2. On Aug. 2, Paysafe entered a definitive agreement to acquire PagoEffectivo. PagoEffectivo will help Paysafe accelerate its expansion of its eCash business into Latin America. 
  3. Crowdstrike is scheduled to release its fiscal second-quarter 2022 earnings on Aug. 31. For its first-quarter results, the company reported 70% year-over-year (YOY) growth in revenue and 74% YOY growth in annual recurring revenue and noted that over 64% of its customers had adopted four or more of its products. 

Click the video below for my full thoughts and analysis. 

*Stock prices used were the closed prices of Aug. 13, 2021. The video was published on Aug. 15, 2021.


 

Jose Najarro owns shares of CrowdStrike Holdings, Inc. and DraftKings Inc. The Motley Fool owns shares of and recommends CrowdStrike Holdings, Inc. and SoFi Technologies, Inc. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

CrowdStrike Stock Quote
CrowdStrike
CRWD
$124.00 (-0.06%) $0.07
DraftKings Inc. Stock Quote
DraftKings Inc.
DKNG
$15.49 (-0.19%) $0.03
Paysafe Limited Stock Quote
Paysafe Limited
PSFE
$1.50 (-1.32%) $0.02
SoFi Technologies Stock Quote
SoFi Technologies
SOFI
$4.70 (-0.84%) $0.04
Golden Nugget Online Gaming Stock Quote
Golden Nugget Online Gaming
GNOG

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

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