It's not without risk, but if Portillos can return to even modest growth and improve same-store sales and margins, this could be a phenomenal risk/reward.
Shares are trading for ~1/10th the P/S multiple of Chipotle. 10x in 10 years? 🤔
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2. $Spotify Technology S.A.(SPOT)$
Margin and multiple expansion have been the drivers of SPOT stock over the past 3 years.
To keep momentum, we need to see revenue growth tick higher.
Will that come from ads? Higher prices? Or new products?
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3. $Alphabet(GOOG)$ $Alphabet(GOOGL)$
Alphabet reports on Wednesday and Google Cloud will be the focus.
Last quarter, GCP grew 31.7% Y/Y and operating margins improved. If that momentum continues, powered by in-house designed TPUs, we should see continued multiple expansion.
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4. $SoFi Technologies Inc.(SOFI)$
Financial services have been SoFi's driver over the past 3 years, with growth of over 100% Y/Y for most of that time.
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