3 Clever Growth Stocks for the Intelligent Investor: August Edition

Group 1: Market Context and Investment Strategy - Investing in growth stocks during market downturns can be risky, but buying the dip can lead to acquiring shares at lower prices [1][2] - Evaluating traditional price-to-earnings metrics is considered outdated; some seemingly cheap stocks may not provide value, while others that appear expensive may offer better opportunities [2] Group 2: Company Analysis - Godaddy (GDDY) - Godaddy is a leading domain registration and web hosting company, recently added to the S&P 500, and continues to show record profitable growth [3][4] - The company has expanded its offerings to include e-commerce and AI, enhancing its platform for small and medium-sized enterprises [4] - In Q2, Godaddy's revenue grew 7% year-over-year to $1.12 billion, with net earnings increasing 76% to $146.3 million, and free cash flow rising by 35% [5] Group 3: Company Analysis - Hewlett Packard Enterprise (HPE) - Hewlett Packard Enterprise is positioned at the forefront of cloud computing and AI, with attractive stock valuations amid high tech market valuations [6][8] - The company has shifted towards hybrid IT models and its GreenLake cloud platform, allowing businesses to scale their IT infrastructure [7] - In the 2023 fiscal year, HPE's revenue increased 2% year-over-year to $29.13 billion, with net earnings up 133% to $2.02 billion, trading at 9x forward earnings [8] Group 4: Company Analysis - Emcor Group (EME) - Emcor Group is a diversified electrical and construction company, focusing on mechanical and electrical construction and energy infrastructure [9][10] - The company reported record revenue, earnings, and free cash flow in 2023, driven by demand for energy-efficient and sustainable building solutions [10] - In Q2, Emcor achieved record quarterly revenue of $3.67 billion, with net earnings rising 76% year-over-year to $248 million, and remaining performance obligations near $9 billion [11]