7investing Lead Advisor Steve Symington’s top stock to buy in June 2022 is a business that’s well-positioned to benefit from cloud computing growth and enterprise digital transformation. Its share price has plunged despite accelerating growth, expanding margins, and recently inflecting toward positive free cash flow.
June 1, 2022
Given recent market turmoil, shares of many great businesses have plunged despite improving financials and accelerating growth. 7investing Lead Advisor Steve Symington’s top stock for June 2022 is one of those businesses. It’s perfectly positioned to capitalize on cloud computing growth and enterprise digital transformation, and has not only seen its top-line growth accelerate along with its fast-growing customer base, but is also delivering expanding gross margin and recently began generating positive operating and free cash flow. This stock is down more than 50% so far in 2022 — a drop Steve believes is a gift for patient, long-term investors willing to open or add to their positions.
My top stock idea right now has seen its share price get pummeled despite accelerating growth and improving financials for the underlying business.
I’m 7investing Lead Advisor Steve Symington. We’re here to empower you to invest in your future by providing our top 7 stocks every single month.
My top stock idea for June 2022 is a business that’s perfectly positioned to benefit from cloud computing growth and digital transformations. And it’s seen its top-line growth accelerate, its gross margins have expanded, it recently started generating positive free cash flow, and its share price is down more than 50% so far in 2022 amid a broader pullback in tech stocks and market volatility.
Now I think this is the perfect chance for patient, long-term investors to open or add to their positions, and I can’t wait to add a position to the 7investing scorecard.
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Again I’m Steve Symington. We’re 7investing. And we’re here to empower you to invest in your future.
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