3 Hot Stocks That Could Live Up to Their Lofty Valuations

Green Thumb Industries (OTC: GTBIF), SunPower (NASDAQ: SPWR) and Genmab (NASDAQ: GMAB) are all up this month, and are trading for at least 35 times earnings. All three have debt-to-equity ratios below 0.90 and double-digit year-over-year revenue growth in their most recent quarters, allowing them to benefit from the expected growth in their relative industries. Green Thumb Industries is that rare cannabis retailer that is turning a profit despite industry headwinds such as inflation and cannabis oversupply.