3 Nasdaq-listed stocks with plenty of upside potential!

The Nasdaq hasn’t had a great year so far with many investors selling growth stocks. But here are three I’m considering for my portfolio.

| More on:

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

Young woman working at modern office. Technical price graph and indicator, red and green candlestick chart and stock trading computer screen background.

Image source: Getty Images

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

The Nasdaq is down 22% since the turn of the year. This is largely because investors have turned away from tech and growth stocks, which form the basis of the index,. Some Nasdaq-listed firms have seen billions wiped off their valuations. Netflix (NASDAQ:NFLX) is one of them, falling from around $700 a share in the autumn, to less than $200 a share in April. It’s down 63% in a year while the Nasdaq as a whole is down almost 10%.

I don’t invest all that frequently in the Nasdaq. One reason is, like other investors, I’m moving away from growth stocks at present. Another more practical reason is that I’m charged an exchange rate fee for purchasing dollar-denominated shares. Despite this, here are three Nasdaq-listed stocks I’m looking at for my portfolio.


Netflix shares have fallen massively this year. First the tech sell-off, then a disappointing trading update in which it highlighted falling subscriber numbers, and now investors are suing it for allegedly misleading the market. But Netflix remains a very profitable business. It’s price-to-earnings ratio was around 17 for the last four quarters. That’s not bad for a tech stock.

Operating income was $6.2bn in 2021 and I see this growing if the firm can sustain subscriber numbers while reducing content spending. This jumped massively between 2020 and 2021. Economising on such spending could improve margins. If I were to invest, I’d be a little concerned about competition eating into Netflix’s market share. As a consumer, I actually prefer Amazon‘s offering and BritBox.


I was fortunate to invest in Novavax (NASDAQ: NVAX) as it rose during the pandemic. In the end, I lost faith in the company and its Covid-19 vaccine — its first commercialised product. But now I’m considering it again. It’s trading below its 2021 highs, and I still think there’s appetite for an effective non-mRNA vaccine in the battle against Covid-19. Novavax projects $4bn to $5bn in revenue for 2022. According to analysts, vaccine sales should account for $3.5bn in revenue.

The company is waiting for US regulatory approval, where green-lit shots include those made by Pfizer, Moderna and Johnson & Johnson. The vaccine has been approved around the world, including in the UK and EU, although that’s no guarantee it’ll be given access to the potentially lucrative US and that remains a risk.

Oriental Culture Holding

Oriental Culture (NASDAQ: OCG) is by far the smallest company on this list. The firm, based in China, provides a platform for the online trade of artworks and collectibles. In its recently released full-year results, OCG announced that operating revenues increased 115.6% to $37.6m in 2021. Gross profit rose 137.7% to $35.2m, up from $14.8m in 2020.

The growth of the Chinese art market is one reason I’m looking to add this stock to my portfolio. Revenue from fine art sales in China grew 43% to $5.9bn in 2021, with 63,400 pieces sold, according to Artron, a Chinese art sector group. This figure puts China ahead of the US by revenue generated from fine art sales. However, it’s worth noting that there could be some short term pain for the Chinese art market in 2022 with the current Covid-19 lockdowns.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

James Fox has no position in any of the companies mentioned. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK has recommended Amazon. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

More on Investing Articles

Close-up of British bank notes
Investing Articles

£8 per year in extra income for life, for each £100 invested today? Here’s how!

Christopher Ruane explains how he would aim to set up extra income streams for the rest of his life by…

Read more »

Photo of a man going through financial problems
Investing Articles

With a £20K Stocks and Shares ISA, I’d target £1,964 in annual dividends like this

With an annual passive income target close to £2,000, our writer explains how he'd put a £20K Stocks and Shares…

Read more »

Illustration of flames over a black background
Investing Articles

Down 63% in 2024, what’s going on with the Avacta (AVCT) share price?

2024 has been a difficult year for many companies in the biotechnology sector, with the AVCT share price down heavily.…

Read more »

Warren Buffett at a Berkshire Hathaway AGM
Investing Articles

Here’s how I’d invest £800 the Warren Buffett way!

Christopher Ruane learns some lessons from super-investor Warren Buffett he hopes could improve his own stock market performance.

Read more »

British Isles on nautical map
Investing Articles

Michael Burry just bought 175,000 shares in this FTSE 100 company

Scion Asset Management announced a $6.5bn stake in BP this week. But what could Michael Burry be seeing in an…

Read more »

Young Asian woman holding a cup of takeaway coffee and folders containing paperwork, on her way into the office
Investing Articles

£5,000 in savings? Here’s how I’d aim to start making powerful passive income today

With a cash lump sum to invest, this Fool lays out how he'd start making passive income. He also details…

Read more »

Investing Articles

Just released: our 3 top small-cap stocks to consider buying before June [PREMIUM PICKS]

Small-cap shares tend to be more volatile than larger companies, so we suggest investors should look to build up a…

Read more »

Passive income text with pin graph chart on business table
Investing Articles

My best FTSE 250 stock to consider buying now for passive income while it’s near 168p

This is a rare stock with a growing underlying business and a fat dividend yield – it’s worth consideration for…

Read more »