🚨 7 GROWTH Stocks To BUY NOW!! [DOWN 10-30%]

The video introduces seven high-quality growth stocks with excellent balance sheets and strong growth potential. Five of these are high-conviction stocks and will be added to a shopping list with fair value and buy targets. These companies are currently down 10-30% from their all-time highs, making them attractive for consideration. The presenter also outlines the spreadsheet metrics used for analysis, including revenue and EPS growth, net debt, assets to liabilities ratio, and valuation multiples.

Axon Enterprises, a recent S&P 500 entrant, is down over 20% from its all-time highs. It's a public safety platform providing tools like tasers, body cameras, and software (evidence.com) to law enforcement. The company has strong revenue growth (31% year-over-year expected for this year) and an excellent balance sheet with more cash than debt. While it trades at a high valuation, its long-term total addressable market (TAM) is significant at $129 billion, with less than 2% penetration currently. Key support levels are identified at $550 and $460.

MercadoLibre, considered the Amazon of South America, is a high-conviction stock, down almost 20% from its highs. It operates a marketplace, logistics, and payments ecosystem in Latin America, a region with 500 million people and a $5-6 trillion GDP. E-commerce penetration is low (10%), implying significant growth potential. The company is expected to double its EPS over the next three years. Technical analysis suggests support at $1932 and a stronger support at $1700, making it an attractive entry point.

S&P Global, a data analytics company, is down over 16% from its all-time highs with strong fundamentals. It has consistent revenues and high profit margins (27-30%). Although its growth rate is moderate (7-8%), the stock is currently testing attractive support levels around $470. Historically, bounces from these levels have resulted in 30-35% rallies. The primary risk highlighted is its high net debt.

Intuitive Surgical boasts a strong balance sheet with significantly more cash than debt, and total assets nine times liabilities. While its valuation is high, its growth rate is projected to be very strong (10% CAGR over three years for EPS). The company recently reported a double-beat on earnings, leading to a significant pre-market rally. Despite the recent surge, support levels around $420-425 and $470 could present opportunities for entry on any weakness.

Tecnoglass, a commercial glass provider, is down over 33% and trading at attractive levels. It has a very strong balance sheet with negative net debt and a low valuation of 15 times earnings. The company has shown incredible growth, up over 2700% since 2020. Key support is identified between $55 and $60, suggesting it is currently oversold.

Atlassian, a collaboration and workflow software developer, is down 64% from its all-time highs. It's approaching GAAP profitability with strong revenue growth (18-20%) and EPS growth (26% this year). The company targets a $176 billion TAM in collaboration and work management software. Strong support is found in the $120-$130 range, representing a potential accumulation area as it moves toward profitability.

DoorDash, a local e-commerce and logistics platform, is characterized by a strong uptrend and network effects. It has achieved profitability with 8-10% net margins and significant expected EPS growth (737% this year, 63% next year). The company operates in 30+ countries with a $1.2 trillion TAM. It has an excellent balance sheet with substantial cash and low debt. Attractive support levels for observation are $212 and $236 for potential entry on weakness.