GOOGL, FB, & AMD among top 5 growth stocks to explore

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GOOGL, FB, & AMD among top 5 growth stocks to explore

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 GOOGL, FB, & AMD among top 5 growth stocks to explore
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Highlights:

  • Alphabet Inc.'s (NASDAQ: GOOGL) revenue surged 23% YoY in Q1, FY22.
  • Meta Platforms, Inc. (NASDAQ: FB) revenue increased by 7% YoY in Q1, FY22.
  • Upstart Holdings, Inc. (NASDAQ: UPST) expects its revenue to be between US$295 million and US$305 million in the second quarter of fiscal 2022.

Many investors explore opportunities in growth stocks because of their rapid growth potential. Growth stocks are companies that earn faster than other businesses in the market. But that is not the only criteria. Firms with new products in the pipeline or planning to expand their businesses can also be classified as growth stocks.

Growth stocks generally don't pay dividends to investors, although there is no specific rule for it. Instead, they spend their earnings on further expanding their business.

Here we discuss some of the growth stocks that may be worth exploring in the coming days.

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Alphabet Inc. (NASDAQ: GOOGL)

Alphabet is one of the leading technology conglomerate firms based in Mountain View, California. It is the parent company of the popular search engine Google and several other platforms.

The shares of the company traded at US$2285.56 at 12:46 pm ET on May 16, down 1.53% from their closing price of May 13. Its stock value decreased by 19.96% YTD.

The firm has a market cap of US$1.51 trillion, a P/E ratio of 20.76, and a forward one-year P/E ratio of 20.61. Its EPS is US$110.56.

The 52-week highest and lowest stock prices were US$3,030.93 and US$2,196.49, respectively. Its trading volume was 1,751,924 on May 13.

The company reported a revenue of US$68.01 billion in Q1, FY22, up 23% from US$55.31 billion in the year-ago quarter. Its net income came in at US$16.43 billion, or US$24.62 per diluted share, compared to an income of US$17.93 billion, or US$26.29 per diluted share, in Q1, FY21.

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Top US growth stocks to exploreSource: ©2022 Kalkine Media®

Meta Platforms, Inc. (NASDAQ: FB)

Meta Platforms, formerly Facebook, is one of the leading technology and social media companies based in Menlo Park, California. It is the parent company of social media and messaging platforms like Facebook, Instagram, WhatsApp, etc.

The stock of the company traded at US$202.88 at 12:51 pm ET on May 16, up 2.14% from its previous closing price. The FB stock fell 41.33% YTD.

The market cap of the company is US$551.27 billion, the P/E ratio is 15.41, and the forward one-year P/E ratio is 17.08. Its EPS is US$13.22.

The stock saw the highest price of US$384.33 and the lowest price of US$169.00 in the last 52 weeks. Its share volume on May 13 was 24,549,840.

The company reported total revenue of US$27.90 billion in the first quarter of fiscal 2022, up 7% YoY. Its net income came in at US$7.46 billion, or US$2.72 per diluted share, as compared to US$9.49 billion, or US$3.30 per diluted share in Q1, FY21.

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Shopify Inc. (NYSE: SHOP)

Shopify is one of the leading e-commerce firms based in Ottawa, Canada. It is a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses.

The shares of the company traded at US$359.75 at 1:03 pm ET on May 16, down by 10.62% from their closing price of May 13. Its stock value plummeted 70.47% YTD.

The firm has a market cap of US$45.79 billion, a P/E ratio of 290.46, and a forward one-year P/E ratio of -196.33. Its EPS is US$1.25.

The 52-week highest and lowest stock prices were US$1,762.92 and US$308.06, respectively. Its trading volume was 6,151,418 on May 13.

The company's revenue surged 22% YoY to US$1.2 billion in Q1, FY22, representing a two-year compound annual growth rate (CAGR) of 60%. Its net loss came in at US$1.47 billion, against an income of US$1.25 billion in Q1, FY21.

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Advanced Micro Devices, Inc. (NASDAQ: AMD)

Advanced Micro Devices or AMD is one of the leading semiconductor firms engaged in developing computer processors and other related technologies for businesses and consumer markets. The company is based in Santa Clara, California.

The stock of the company traded at US$95.27 at 1:08 pm ET on May 16, up 0.16% from its previous closing price. The AMD stock declined 36.69% YTD.

The market cap of the company is US$154.84 billion, the P/E ratio is 35.37, and the forward one-year P/E ratio is 23.90. Its EPS is US$2.69.

The stock saw the highest price of US$164.46 and the lowest price of US$72.72 in the last 52 weeks. Its share volume on May 13 was 138,068,100.

The company reported a revenue of US$5.9 billion in Q1, FY22, representing an increase of 71% YoY. On a GAAP basis, its net income came in at US$786 million, or US$0.56 per diluted share, against an income of US$555 million, or US$0.45 per diluted share in Q1, FY21.

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Growth stocks: GOOGL, FB, SHOP, AMD, UPST,

Upstart Holdings, Inc. (NASDAQ: UPST)

Upstart Holdings is a cloud-based artificial intelligence firm that provides lending services to its customers. It is based in San Mateo, California.

The shares of the company traded at US$38.11 at 1:29 pm ET on May 16, down 0.05% from their closing price of May 13. Its stock value tumbled 73.64% YTD.

The firm has a market cap of US$3.23 billion, a P/E ratio of 23.29, and a forward one-year P/E ratio of 37.38. Its EPS is US$1.64.

The 52-week highest and lowest stock prices were US$401.49 and US$25.43, respectively. Its trading volume was 16,614,750 on May 13.

The company's revenue increased by 156% YoY to US$310 million in Q1, FY22. Its net income came in at US$32.69 million, or US$0.34 per diluted share, as compared to an income of US$10.10 million, or US$0.11 per diluted share in Q1, FY21.

The company now expects its revenue to be between US$295 million and US$305 million in the second quarter of fiscal 2022. For fiscal 2022, it expects its revenue to be around US$1.25 billion.

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Bottom line:

The market has witnessed choppy trading this year due to various macroeconomic factors. The Vanguard Mega Cap Growth ETF, which tracks the performance of the CRSP US Mega Cap Growth Index, declined 26.36% YTD. Investors should exercise due diligence before spending in the stock market.

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