Analyst Recommends 4 Growth Stocks Worth Buying in Bear Market - Nio, Lovesac, Exelixis, and Alphabet
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Nio is a China-based electric vehicle maker with competitive advantages like innovation, a subscription model, and targeting higher-income buyers.
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Lovesac sells unique, customizable "sactional" couches focusing on higher-income consumers and utilizing an omnichannel sales approach.
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Exelixis relies heavily on its cancer drug Cabometyx but has growth potential through label expansions and new compounds in development.
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Alphabet (Google) has sustained competitive moats in search and YouTube even amidst the ad spending downturn.
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The article recommends 4 growth stocks - Nio, Lovesac, Exelixis, and Alphabet - worth buying given Nasdaq's bear market dip.