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Top 3 High-Growth Stocks to Buy in October 2021

By Eric Cuka – Oct 1, 2021 at 9:28AM

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The market just had a healthy pullback. Here are three stocks that could be an opportunity at these levels.

October is here, and you are asking yourself, "Which stocks should I buy now?" I've got your back! I have three stock ideas for you to explore. These stocks have been beaten down from recent highs, and they could be an opportunity at these levels. Today's video is focused on three high-growth stock picks, and each is focused on megatrends:

  • The first stock covers many growth trends, including gaming, cloud data centers, autonomous vehicles, 5G, and more.
  • The second deals with e-commerce.
  • The third and final stock is involved in streaming, connected TV (CTV), and programmatic and digital advertising.

Nvidia (NVDA 1.00%) is a powerhouse fabless semiconductor and technology company that has long been recognized as a leader in graphics processing units. The company has its hands in many megatrends, such as:

  • Gaming 
  • Cloud data centers
  • Autonomous vehicles
  • Smart cities
  • Robotics
  • Cryptocurrency mining
  • 5G
  • Artificial intelligence
  • Omniverse
  • Next-era computing 

Nvidia is one of my highest-conviction stock picks. The company's stock has pulled back from recent all-time highs of $230, and in today's video, I provide my opinions on the stock and levels I would consider attractive entries for long-term investors. 

Shopify (SHOP 6.30%) is an e-commerce growth engine headquartered in Ottawa, Canada. In a nutshell, Shopify is a one-stop shop for merchants. Its platform allows businesses to create and manage web and mobile storefronts from start to finish. SHOP stock has pulled back from its recent highs of $1,650 per share. In the video below, I provide opinions on the stock and where it might be a good opportunity to buy for a long-term hold.

The Trade Desk (TTD 1.02%) is a best-of-breed ad-tech solution that offers a marketplace for customers to buy numerous types of advertising for digital media needs. TTD's services include display advertising, social media, and advanced TV. The ad-tech space has a tremendous total addressable market given the possibilities of CTV or "connected TV," which is essentially any television connected to the internet. Smart TVs are changing the internet, and buying The Trade Desk is the best way to play this space. The company allows its clients to buy advertisements or run global marketing campaigns in areas such as CTV, display ads, and even social media. These are massive secular growth trends, and The Trade Desk can help your portfolio capture some of this growth. 

Please see the video below for more information and my opinions on what price levels I think could be attractive for long-term investors.

*Stock prices used in the below video were during the trading day of Sept. 30, 2021. The video was published on Sept. 30, 2021.

Eric Cuka owns shares of Nvidia, Shopify, and The Trade Desk. The Motley Fool owns shares of and recommends Nvidia, Shopify, and The Trade Desk. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a disclosure policy. Eric 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.

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Stocks Mentioned

Nvidia Stock Quote
Nvidia
NVDA
$170.91 (1.00%) $1.69
Shopify Stock Quote
Shopify
SHOP
$43.45 (6.30%) $2.58
Trade Desk Stock Quote
Trade Desk
TTD
$52.67 (1.02%) $0.53

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

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