Traders betting against Cathie Wood’s ARK Invest have had a lucrative run this year.
With the S&P 500 index making new lows in 2022, it is crucial investors stay the course and continue adding high-quality businesses to their portfolios -- through dollar-cost averaging, if possible. Shopify (NYSE: SHOP) is currently light on profits yet is vital to the burgeoning U.S. e-commerce industry. Adyen (OTC: ADYE.Y) and InMode (NASDAQ: INMD) offer the beautiful pairing of high sales growth and strong free cash flow (FCF) creation and profitability.
Roku (NASDAQ: ROKU) and Shopify (NYSE: SHOP) were huge pandemic favorites during 2020 and early 2021. Investors were optimistic about Roku's position within the connected TV market, and Shopify was putting up fantastic earnings results as it powered a growing number of e-commerce sites. With slowing growth, increasing competition, and the current bear market, both Roku and Shopify have been down over 80% in the past year.