Three stocks, Nvidia, Sweetgreen, and Sea Limited, have strong growth potential in the 4th quarter.

From Nasdaq: 2024-10-02 10:15:00

1. Nvidia, with a 145% increase this year, is expected to continue its growth momentum. The company dominates AI chips, experiencing triple-digit revenue growth. Analysts predict a 79% revenue increase in the current quarter. The stock, trading at 43 times current earnings, may still offer value with strong growth potential.

2. Sweetgreen, up 214% this year, has seen significant success in the fast-casual dining space. With consistent revenue growth, the chain’s popularity among health-conscious workers positions it well for further expansion. While profitability is still upcoming, the company’s stock has more than tripled, reflecting positive market sentiment.

3. Sea Limited, up 133%, operates in e-commerce, online gaming, and fintech sectors. Its profitability turnaround and forecasted earnings growth have driven stock performance. Trading at 47 times earnings, the company is backed by strong momentum and potential for further growth in international markets.



Read more at Nasdaq: 3 Stocks That Can Double Again in the 4th Quarter