Pinterest, AutoZone, Jazz Pharmaceuticals, Starbucks Shine Despite Market Volatility
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Pinterest is hitting all-time highs in monthly active users, showing its platform continues resonating with more people despite pandemic changes. Its ad pricing power also remains resilient.
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AutoZone benefits from Americans keeping vehicles longer, its supply chain innovations, and a massive share repurchase program amounting to 89% of outstanding shares since 1998.
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Jazz Pharmaceuticals leverages highly defensive specialty drug portfolio with consistent demand, predictable cash flows, and growth potential from recent acquisitions.
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Starbucks enjoys exceptional customer loyalty and innovation, along with growth tailwinds from China's economy reopening and attractive valuation.
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Current Nasdaq bear market means these exhilarating growth stocks can still be scooped up at bargain valuations compared to future earnings growth estimates.