3 Stocks I'm Buying Now (March 2024)

Published first at https://www.3minutebreakdowns.com 3 stocks I'm buying now March 2024. Over the last 12 months the company has reported 793 million of net income and 815 million of free cash flow. So with a market cap of 7.6 billion, the company is valued at under 10 times earnings. That valuation implies little growth and that’s because Investors are concerned about Crox’s acquisition of shoe brand Hey Dude. But Crox deserves more time to get that brand working. If Crox can grow its earnings just 5% this year while maintaining a slightly higher PE multiple of 12 the stock should have about 30% upside from here. Cloud data company Snowflake has fallen 21% over the past month after CEO Frank Slootman resigned and the company gave a fairly weak outlook for 2024. Snowflake forecast 22% revenue growth this year which looks underwhelming especially compared to rival Databricks. However, Snowflake’s guidance doesn’t include any revenue from a number of new products that are set to be released in 2024. And it doesn’t seem to reflect a recent jump in bookings. This is still a very strong business with years of growth ahead. $SNOW $CROX $CHWY