Pro: ‘buy names that supply tech to small businesses’

Companies that supply technology to small businesses are a great pick for investors interested in betting on post-pandemic recovery, says GGV Capital’s Jeff Richards.

What stocks does Richards like that match the criteria

Names that match the criteria and are on his list include Square, Shopify, RingCentral, and Zendesk. Speaking with CNBC’s Deirdre Bosa on “TechCheck”, Richards said:

At present, small businesses account for roughly 40% of the U.S. GDP and employs about 60% of the Americans. The Vanguard Small-Cap Index Fund ETF is down 13% for the year.

Many of his stock picks have come down sharply in 2022

According to Jeff Richards, the stocks he picked are particularly attractive considering most of them have come down sharply since the start of the year 2022. He added:

The GGV Capital Managing Partner is also bullish on cloud names like Twilio and Datadog and expects these to be lucrative bets for the long-term investors. Both companies are reporting quarterly results later this week.