Stocks worth taking a closer look at are fewer known companies such as Etsy (ETSY), Tapestry, Inc (TPR) and Garmin Ltd (GRMN).

For example, Etsy operates the top 10 e-commerce market operators in the US and UK, with significant operations in Germany, France, Australia and Canada. The company dominates the exchange of vintage and artisanal goods. In 2022, the consolidated gross merchandise volume exceeded $13 billion. And at the end of last year, the firm connected more than 95 million buyers and 7.5 million sellers on its sites. The fundamental potential for an average target price is $115.

Meanwhile, Tapestry, Inc owns clothing and accessories brands such as Coach, Kate Spade and Stuart Weitzman. TPR has a strong brand, category, and channel mix at an attractive price. The stock is strongly undervalued and the fundamental potential for an average target price stands at $50.70.

Garmin Ltd. is a manufacturer of wireless devices. The company is particularly renowned for its wide range of products, including portable GPS devices for cars, aviation, marine and outdoor activities, as well as fitness trackers, smart watches and cycling computers. Four of GRMN's five segments showed double-digit revenue growth. For example, in the first quarter, revenues from the fitness segment grew by 11%, from the aviation segment by 22%, from the marine segment by 10% and from the automotive OEM segment by 11%. And the company's net profit is 19.94% of revenue. The stock is moving in a medium-term upward channel, testing resistance in the form of a local high, in case of a breakdown it could move to $119.50.

As for the IPOs, Freedom Finance Analysts expect two US companies to go public by the end of 2023: Fogo Hospitality and Turo Inc. The former is a chain of Brazilian steakhouses in the US called Fogo de Chao. In total, it has more than 75 locations, of which 67 are company-owned and eight franchisees. On average, 151,000 people visit one Fogo Hospitality restaurant a year. 

Turo is a platform that connects car owners with renters. The platform offers registered car rental trips for hours, days or weeks. As of 31 March 2023, it had more than 165,000 active hosts, more than 330,000 cars and 3.1 million active guests.

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