Trupanion (TRUP) is poised for growth in a total addressable market of $34.1 billion, given the change in the attitude of pet owners who are increasingly focusing on pets' health and well-being.
When done right, growth investing can be very profitable. High-quality growth companies will execute on their plans and drive revenue and the stock price higher over time. The pet health insurer Trupanion (NASDAQ: TRUP) has done that for the last eight years and counting.
In an effort to curb inflation, the Federal Reserve just announced its final interest rate hike of 2022: 50 basis points, or half a percentage point. With more investors worried that the Federal Reserve won't be able to avoid a recession in its quest to tame inflation, markets have had a downright awful year. The Nasdaq Composite has plunged 29% year to date.