While investors are currently optimistic, the market is only one negative economic

While investors are currently optimistic, the market is only one negative economic indicator away from resuming its downtrend, so there are likely further share price swings ahead for Nvidia, Shopify, and Roku.

As inflation remains near 40-year highs, consumers are paring back e-commerce spending, foregoing the latest gaming processors, and putting off the purchase of a new connected TV or streaming device, which will weigh on the near-term results of Shopify, Nvidia, and Roku, respectively. Given the economic uncertainty, cautious purchasing decisions will likely also be the hallmark for the upcoming holiday season as well. On the other hand, the current landscape has resulted in the cheapest valuations in years for our trio of stocks, making them particularly appealing to those that plan to hold for the coming three to five years.

Some investors will still consider Nvidia and Shopify somewhat pricey, currently selling for 10 times and 6 times next year's sales. Roku is the cheapest of the three, with a price-to-sales ratio of 2. That doesn't mean these stocks can't fall further -- they certainly could. Still, for investors with the appropriate investing time horizon, these industry leaders have a history of beating the market in the long run. $NVIDIA(NVDA.US)$ $Shopify(SHOP.US)$ $Roku Inc(ROKU.US)$