Joseph Hogue recommends Tuya Inc, an IoT cloud platform provider, despite it being a Chinese company. He notes its return to year-over-year revenue growth (36% in Q3), its profitability, and positive free cash flow. The company is trading at an attractive four times price-to-sales, making it cheaper than many other cloud stocks.
“The company returned a year-over-year revenue growth in Q3 with a 36% growth after being held back by the global chip shortage and supply chain problems in the last 2 years”