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3 Growth Stocks That’ll Make You Richer in May (and Beyond)

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These fast-paced companies can power your portfolio for years to come.

Sean Williams

For the past 12 years, growth stocks have done a lot of the heavy lifting for the stock market’s major indexes — and with good reason. Historically low lending rates have encouraged fast-growing businesses to borrow cheaply in order to hire, innovate, and acquire other businesses.

The thing is, the dynamics that have fueled growth stocks higher haven’t changed. If anything, the thesis has only gotten stronger. The Federal Reserve has doubled down on keeping lending rates unchanged through at least 2022, and Washington appears eager to pass additional trillion-dollar stimulus packages.

With this being said, growth stocks can still be your ticket to riches. With time as your greatest ally, the following three growth stocks could make you a lot richer in May and beyond.

A businessman holding a potted plant in the shape of a dollar sign.

Image source: Getty Images.

Pinterest

Last week, social media up-and-comer Pinterest (NYSE:PINS) reported its first-quarter operating results and was promptly pulverized. That decline, my investing friends, is one heck of an opportunity for patient growth-seekers.

It wasn’t the company’s Q1 results that caused investor indigestion on Wall Street so much as the company’s tempered monthly active user (MAU) growth expectations for the upcoming quarter. Per the company, “we expect global MAUs to grow in the mid-teens and U.S. MAUs to be around flat on a year-over-year percentage basis.”

Though slower user growth is less than ideal for a social media company, consider the conditions under which Pinterest has experienced a bump-up in growth. For a year, people have been stuck in their homes due to the coronavirus pandemic. This pumped up the site’s active user growth above historic averages. Last year, net MAU growth was 37%, whereas it averaged 30% between 2017 and 2019. What we’re witnessing in Pinterest’s guidance isn’t weakness so much as a reversion to its historic user growth rates.

One of the most prominent growth drivers this decade for Pinterest is going to be generating additional ad revenue from its international users. Of the 111 million net MAUs gained in Q1 2021 from the prior-year quarter, 103 million came from outside the United States. Although average revenue per user (ARPU) in ex-U.S. markets is substantially lower than within the U.S., Pinterest’s strength in numbers should allow its international ARPU to double multiple times this decade. For context, international ARPU jumped 91% in the first quarter from the previous year. 

Likewise, we’re only in the early innings of Pinterest flexing its e-commerce muscles. With a user base closing in on a half-billion people who are perfectly willing to share what things, places, and services interest them, Pinterest has the perfect pool of motivated/targeted consumers waiting for merchants. As the company reinvests in the usability of its e-commerce platform, ad dollars from merchants should soar.

A row of clear jars packed with unique strains of cannabis buds.

Image source: Getty Images.

Harvest Health & Recreation

Another fast-paced company that has the potential to make long-term investors a lot richer in May and beyond is U.S.-based small-cap marijuana stock Harvest Health & Recreation (OTC:HRVSF).

To be blunt (see what I did there?), I haven’t always been the biggest fan of Harvest Health. That’s because it was far too overzealous with its expansion ambitions in 2019. Similar to how Canadian weed stocks overextended themselves by making overpriced acquisitions in 2018 and 2019, Harvest Health arranged a number of deals that would have allowed it to rival Curaleaf as a retailer. The problem was that Harvest Health didn’t have the financial resources to tackle such robust expansion.

The reason my opinion on Harvest Health changed is twofold. First, management owned up to its mistakes and pared down its expansion to a financially manageable pace. It terminated two sizable acquisitions, raised capital via bought-deal financings, padded its balance sheet with sale-leaseback agreements, and divested non-core assets, such as its cultivation and retail asset in Arkansas. Today, Harvest Health operates 37 retail locations in five core markets (Arizona, California, Florida, Maryland, and Pennsylvania). 

The second reason to be excited about Harvest Health & Recreation is its home market of Arizona. This past November, Arizona was part of the green legalization wave. Thanks to Prop 207, adult-use marijuana is now legally sold. By 2024, Arizona should be one of around a dozen U.S. states bringing in $1 billion or more in annual weed sales – and no cannabis chain has a larger presence in the Grand Canyon State than Harvest Health (15 stores).

After essentially doubling its net sales in 2020 to $231.5 million, Harvest Health has forecast revenue for 2021 of around $380 million. By 2022, sales should have more than doubled again from 2020 levels. All the while, the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) is improving. Harvest Health might even eke out its first annual profit this year. That’s what makes it a potentially intriguing investment. 

Miniature boxes and a mini basket set atop a tablet and laptop.

Image source: Getty Images.

Amazon

Though I’ll get no points for originality, e-commerce giant Amazon (NASDAQ:AMZN) has all the characteristics of a pound-the-table buy among growth stocks.

Most people are very familiar with Amazon’s online marketplace. It was a go-to destination prior to the pandemic, and it became that much more important during the pandemic, especially with people not leaving their homes. A March 2020 eMarketer report forecast that Amazon would gain 100 basis points of online retail market share in 2021, pushing its total share to 39.7%. That’s $0.40 of every $1 spent online in the U.S. routing through Amazon.

What’s even better is how the company has pivoted its retail success into higher margins. Though traditional retail margins are very thin, Amazon has managed to sign up more than 200 million people worldwide for a Prime membership. The fees the company collects from Prime help it to undercut brick-and-mortar retailers on price. It also encourages Prime members to spend more, while keeping them focused on Amazon’s high-margin products and services.

Amazon has also turned into quite the cloud infrastructure juggernaut. Amazon Web Services (AWS) grew by 30% last year and registered 32% sales growth in the first quarter of 2021. Cloud margins are much more delectable than retail margins, which means that as AWS grows into a larger percentage of total sales, the company’s cash flow should skyrocket. 

The crazy thing is that even with Amazon’s stock at a new high, it’s potentially cheaper than it’s ever been. You see, Amazon ended every year of the 2010s at a multiple to its cash flow of 23 to 37. Based on the more than $286 per share in cash flow Wall Street is expecting for 2024, Amazon’s multiple to cash flow of roughly 12 is absurdly cheap. That’s why Amazon is a pound-the-table sort of buy in May and beyond.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Sean Williams owns shares of Amazon and Pinterest. The Motley Fool owns shares of and recommends Amazon and Pinterest. The Motley Fool recommends the following options: long January 2022 $1920.0 calls on Amazon and short January 2022 $1940.0 calls on Amazon. The Motley Fool has a disclosure policy.

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PINTEREST

The World’s Most Popular Wedding Destinations, According To Pinterest

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Blue coloured medina in Chefchaouen, Morocco.

According to Pinterest, Morocco is the number one place users want to plan a destination wedding.

getty

Throughout the Covid-19 pandemic, Pinterest has been there to help us travel the world vicariously, find inspiration and share tips for visiting places that might otherwise be off limits to visitors. Now, as more people around the world are vaccinated and travel begins to make its inevitable comeback, the popular social media site is once again serving as a place to organize ideas for dream trips including epic honeymoons and destination weddings in beautiful places the world over.

A recent study by Money.co.uk, a financial site based in the U.K., revealed the most commonly “pinned” wedding destinations around the world and in the U.S. that people have created Pinterest boards for.

Here are the results for the most popular wedding destinations around the world, by country, according to Pinterest users:

1. Morocco, with 1,001 dedicated Pinterest boards.

2. Greece, with 1,000 dedicated Pinterest boards.

3. France, with 999 dedicated Pinterest boards.

4. Italy, with 998 dedicated Pinterest boards.

5. Mexico, with 997 dedicated Pinterest boards.

6. Bali, with 996 dedicated Pinterest boards.

7. Ireland, with 990 dedicated Pinterest boards.

8. Australia, with 984 dedicated Pinterest boards.

9. New Zealand, with 981 dedicated Pinterest boards.

10. Fiji, with 979 dedicated Pinterest boards.

11. Canada, with 978 dedicated Pinterest boards.

12. England, with 977 dedicated Pinterest boards.

13. Ibiza, Spain, with 975 dedicated Pinterest boards.

14. Scotland, with 972 dedicated Pinterest boards.

15. Thailand, with 960 dedicated Pinterest boards.

16. Spain, with 956 dedicated Pinterest boards.

17. Portugal, with 889 dedicated Pinterest boards.

18. USA, with 821 dedicated Pinterest boards.

19. The Bahamas, with 732 dedicated Pinterest boards.

20. Wales, with 725 dedicated Pinterest boards.

Here’s a look at the results for the most popular wedding destinations in the U.S., according to Pinterest users:

1. California, with 1,003 dedicated Pinterest boards.

2. Colorado, with 1,000 dedicated Pinterest boards.

3. Florida, with 1,000 dedicated Pinterest boards.

4. Hawaii, with 1,000 dedicated Pinterest boards.

5. Virginia, with 998 dedicated Pinterest boards.

6. New York, with 997 dedicated Pinterest boards.

7. Texas, with 996 dedicated Pinterest boards.

8. Georgia, with 994 dedicated Pinterest boards.

9. Washington, with 993 dedicated Pinterest boards.

10. Arizona, with 988 dedicated Pinterest boards.

11. Maine, with 985 dedicated Pinterest boards.

12. Oregon, with 981 dedicated Pinterest boards.

13. Utah, with 978 dedicated Pinterest boards.

14. Montana, 977 dedicated Pinterest boards.

15. Maryland, with 976 dedicated Pinterest boards.

16. Ohio, with 973 dedicated Pinterest boards.

17. Tennessee, with 968 dedicated Pinterest boards.

18. Minnesota, with 949 dedicated Pinterest boards.

19. North Carolina, with 943 dedicated Pinterest boards.

20. Michigan, with 938 dedicated Pinterest boards.

To get the results, the folks at Money.co.uk counted the number of public Pinterest boards associated with several keywords related to weddings and popular U.S. and international destinations. Pinterest users created boards for locales ranging from tropical islands and beaches to bustling cities as well as a blend of coastal and landlocked states, while Colorado, Florida and Hawaii tied with 1,000 boards, respecively. The study also focused on current trends, with Harry Potter, vintage, earthy, natural and farm themed weddings taking the top five spots for themed weddings, as well as popular wedding dress styles and bridal bouquets.

If you’re planning a destination wedding, pay attention to the Centers for Disease Control and Prevention (CDC) travel guidelines—as of this writing, all international travelers need to provide negative Covid-19 test results before they’re allowed to re-enter the U.S., whether or not you’re fully vaccinated—and stay on top of local health and safety protocols regarding mask-wearing and social distancing wherever you go.

All details and policies mentioned were accurate as of press time.

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Pinterest launches ‘You might just surprise yourself’ campaign

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Pinterest has partnered with creative agency, Droga5 to launch its latest campaign ‘You might just surprise yourself’, exploring how the platform can expand people’s interests in ways they never saw coming.

To kick things off, Pinterest has released a TV ad in the UK, managed by agency Media Hub. The integrated campaign will run across the US and UK including high impact out-of-home, along with audio, podcast, and provocative social ads.

Directed by Yann Demange, the campaign’s hero film ‘Discovery’ – filmed in Mexico City and Los Angeles – takes the audience on a fast-paced journey of exploration focusing on one woman’s discovery before branching out into an unbroken, energetic thread of other characters’ experiences. 

A series of 15 films take this premise further, exploring the surprising leaps and ways people can expand their interests. These include a home chef discovering the fusion of burgers and sushi and a teenager trying his hand at flame nail art.

To expand the campaign across all media channels, high-impact mural out-of-home installations have been commissioned in London, New York, Chicago, and LA, along with high-impact media placements and unique brand partnerships to reintroduce the brand and spark inspiration in new ways. 

Pinterest has formed its first ever partnership with CRWNMAG, a hair and lifestyle culture magazine for Black women and NTWRK, a mobile-first video shopping platform that seamlessly blends entertainment and commerce.

“People need a place to dream, to explore and to visualize their future. Pinterest is the open invitation to try something you’d never thought you’d try. Our campaign demonstrates that Pinterest is a place where you can find a never-ending array of surprises – a place where the more you explore, the more you discover,” said Director of Marketing for Europe at Pinterest, Louise Richardson. “We want to bring people the inspiration to create a life they love and often that means inspiring you to try something new and giving you the confidence to try more, whether you succeed and it’s beautiful or you fail and it’s hilarious.”

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Morocco, Greece and France are dream wedding destinations, according to Pinterest

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Friday, 28 May 2021 09:24 AM MYT

Morocco tops a list of Pinterest users' dream destinations for getting married. ― Shutterstock pic via ETX Studio
Morocco tops a list of Pinterest users’ dream destinations for getting married. ― Shutterstock pic via ETX Studio

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NEW YORK, May 28 ― A new report based on data from social network Pinterest reveals the most attractive destinations for a wedding, according to pinners. Morocco takes first place, followed by Greece and France.

Does France still have the reputation of being the country of love and romance? The answer to that appears to be yes, according to the latest report put together by credit comparison company Money.co.uk. The report compiled Pinterest data and reveals the list of the most popular destinations for users. And, while ceremonies have been postponed due to the pandemic, brides and grooms-to-be or wannabes are still planning and dreaming. Many have created boards, to pin their favorite wedding destinations. The report has tallied them by destination and made a top 20.

An ambiance of lanterns and jewel tones is popular with Morocco in top spot. Next comes Greece, with its pretty cliffside villages. Then it’s France that climbs to the third step of the podium, probably largely thanks to Paris, with its enduring status as a city of romance. More beachy destinations such as Mexico, Bali and Fiji, also figure, landing respectively in 5th, 6th and 10th position. 

Top wedding destinations

1. Morocco

2. Greece

3. France

4. Italy

5. Mexico

6. Bali

7. Ireland

8. Australia

9. New Zealand

10. Fiji

11. Canada

12. England

13. Ibiza

14. Scotland

15. Thaïland

16. Spain

17. Portugal

18. USA

19. Bahamas

20. Wales

Meanwhile, when looking at states in the USA, California is on top with its varied landscapes and iconic cities.

Harry Potter is a top-trending theme

Fun fact: in the same report, users’ top themes are ranked. And perhaps surprisingly, a Harry Potter theme comes first, followed closely by “vintage.” In third place, is “earthy wedding,” with visions of ceremonies held in the midst of nature. ― ETX Studio

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