Over the past two weeks, the Nasdaq 100, a barometer for tech-heavy and growth-oriented stocks, has shown a resurgence. This comes amid some impressive earnings reports, especially from Nasdaq stocks. As this positive news propels markets higher, we discuss some stocks that promise robust returns in the impending bull run.
Booking Holdings (BKNG)
Booking Holdings (NASDAQ:BKNG) is a global online travel and related services leader. With its vast portfolio of brands, including Booking.com, Priceline, Kayak and Agoda, it stands at the forefront of the post-pandemic travel revival. It offers a comprehensive range of services, from accommodation bookings to flight reservations, car rentals and travel insurance.
In terms of innovation to power growth, its investments in technology to enhance user experience have been commendable. In 2023, it launched an AI trip planner that utilizes natural language. These innovations position Booking Holdings to capture the growing demand for travel in a post-pandemic world.
Booking Holdings has capitalized on robust demand to drive profitable growth. For the nine months ended September 2023, it generated $5.7 billion in free cash flow, some 34.7% of total revenues. Given the robust cash generation, it repurchased $7.7 billion of its shares which reduced its share count by 8%.
Netflix (NFLX)
Despite stiff competition from new entrants in the streaming space, Netflix (NASDAQ:NFLX) has maintained its growth momentum. As Q4 2023 results showed, the pioneering streaming service is dominating the entertainment landscape.
The platform continues to attract more customers with its vast content library spanning various genres and languages. In Q4 it added 13.1 million global streaming subscribers compared to 7.7 million in the year-ago quarter.
In terms of forward growth, management is optimistic, expecting 13.2% revenue growth this quarter. If Netflix captures a fraction of this market, it will be one of the best Nasdaq stocks.
Take-Two Interactive Software (TTWO)
Take-Two Interactive Software (NASDAQ:TTWO) is a leading developer and publisher of video games. Its portfolio features blockbuster franchises such as Grand Theft Auto, Red Dead Redemption, and NBA 2K, garnering a loyal and growing fan base.
The company has utilized effective monetization strategies to spur growth. These include in-game purchases and advertising. Over the next year, Take-Two Interactive stands out as one of the most exciting Nasdaq stocks.