Three Growth Stocks I'd Buy at a Discount: Uber, Alphabet, and Amazon

The article highlights three growth stocks that are likely to recover from any market downturn: Uber, Alphabet, and Amazon. These companies have strong fundamentals and growth opportunities, including international expansion and diversification of services. They are leading companies with a high likelihood of recovering from any market fluctuations. The author suggests having a watchlist and price targets for specific stocks to take advantage of potential buying opportunities.

In the ever-changing landscape of the stock market, identifying growth stocks that can weather market downturns is crucial for investors seeking resilience and long-term gains. This article highlights three companies—Uber Technologies, Inc. (UBER), Alphabet Inc. (GOOGL), and Amazon.com, Inc. (AMZN)—that demonstrate strong fundamentals and growth opportunities, positioning them to recover from any market fluctuations.

Uber Technologies, Inc. (UBER)

Uber has been actively expanding its services and partnerships to bolster its growth. A notable collaboration is its partnership with Lucid Group, Inc. (LCID) and Nuro to develop a next-generation premium robotaxi. This project combines advanced software-defined vehicle architecture, autonomous driving systems, and Uber's global network to create a fully integrated service [1]. The deal involves a $300 million investment from Uber, subject to regulatory approval, and plans to deploy at least 20,000 Lucid Gravity vehicles with Nuro autonomy over six years. This strategic move not only enhances Uber's ride-hailing platform but also positions the company for future growth in the multitrillion-dollar robotaxi market.

Alphabet Inc. (GOOGL)

Alphabet, through its Waymo self-driving car project, has been making significant strides in autonomous driving technology. In September 2024, Waymo and Uber broadened their collaboration to bring Waymo One service to Austin and Atlanta exclusively through the Uber app. This partnership allows Waymo to scale its autonomous driving services and expand its market reach [1]. Alphabet's investment in AI and autonomous technology positions it for growth in the future, even as the broader tech sector faces market volatility.

Amazon.com, Inc. (AMZN)

Amazon continues to diversify its services and expand internationally. The company's cloud computing division, Amazon Web Services (AWS), has been a significant driver of growth. AWS offers a wide range of cloud services, including computing power, storage, and networking, catering to a diverse range of clients. Amazon's ability to innovate and adapt to market demands has positioned it as a leader in e-commerce and cloud computing. The company's international expansion and focus on innovation make it a resilient stock in the face of market downturns.

Conclusion

Investors seeking stocks with strong fundamentals and growth opportunities should consider adding Uber, Alphabet, and Amazon to their watchlists. These companies have demonstrated a commitment to innovation, strategic partnerships, and international expansion, positioning them to recover from market downturns. While no investment is without risk, these companies' strong track records and growth prospects make them attractive options for investors with a long-term horizon.

References

[1] https://finance.yahoo.com/news/ubers-300m-bet-gravity-accelerate-154700063.html