Here’s a look at today’s fastest-growing stocks expecting big earnings-per-share gains in 2021 or their current fiscal year. Alphabet (GOOGL), DocuSign (DOCU), Crocs (CROX), and Goldman Sachs (GS) are among 34 stocks expecting at least 50% earnings growth in their next annual report.
GS stock joins fellow financial stocks Futu (FUTU), Blackstone (BX), Jefferies Financial (JEF), Western Alliance Bancorp (WAL) and Customers Bancorp (CUBI) on the list. Consumer loans providers Santander Consumer USA (SC) and OneMain (OMF) have also bankrolled a spot among today’s fastest-growing companies.
With earnings estimates for 100% growth this fiscal year, leading IPO stock Concentrix (CNXC) also makes the list. A global leader in CX (customer experience) development, Concentrix was recently featured in the IBD Stock Analysis. After briefly breaking out earlier this month, Concentrix is trying to reclaim its earlier new buy point.
Align Technology (ALGN), which makes the Invisalign braces, is also among today’s fastest-growing stocks. Align is the world’s largest 3D printing manufacturer and is also trying to rebound into a buy zone after breaking out earlier.
GOOGL stock, which topped the latest list of new buys by the best mutual funds, is trading at the top of its buy zone buy zone with earnings due next week. Meanwhile, fellow cloud stock DocuSign is extended from its most recent buy point.
Stock Screen For Today’s Fastest-Growing Stocks
To make this stock screen of today’s fastest-growing companies, each stock must have a 95 or higher Composite Rating, indicating a passing grade in Stock Checkup. A 95 Composite Rating means each stock is outperforming at least 95% of all stocks in terms of the most important stock-picking traits.
Each of these top growth stocks must also have an EPS Rating and RS Rating above 80 to show strong fundamental and technical strength.
To avoid thinly traded penny stocks, the screen only included the fastest-growing stocks that trade at least 200,000 shares a day on average and have a share price of at least $12.
Boosted by big earnings estimates, several of these top growth stocks have also secured a spot on IBD Stock Lists. GOOGL stock, DocuSign, Blackstone, Atkore (ATKR), Expeditors International (EXPD), Western Alliance Bancorp, AutoNation, Jefferies Financial, MarineMax are all on the IBD 50 list of top growth stocks.
With a track record of stable earnings growth, Alphabet is also on IBD Long-Term Leaders.
Fastest-Growing Stocks To Buy And Watch In 2021
Created in MarketSmith, this stock screen highlights top growth stocks expecting a 50% to 416% EPS increase in their current fiscal year.
Data as of July 21, 2021
|Company||Symbol||EPS Est Cur Yr %||Comp Rating||EPS Rating||RS Rating||SMR Rating|
|Steel Dynamics Inc||STLD||369||99||95||92||A|
|Kulicke & Soffa Ind Inc||KLIC||339||98||81||91||A|
|Ternium Sa Adr||TX||304||99||91||96||B|
|Land’s End Inc||LE||194||99||86||98||C|
|Textainer Group Holdings||TGH||193||99||99||95||B|
|Futu Holdings Cl A Ads||FUTU||163||98||84||98||A|
|Blackstone Group Inc||BX||143||99||89||93||A|
|Align Technology Inc||ALGN||98||98||97||87||A|
|C A I International Inc||CAI||92||98||97||96||A|
|Jefferies Financial Grp||JEF||83||98||99||87||A|
|Santander Cons USA Hldgs||SC||83||97||92||94||A|
|Customers Bancorp Inc||CUBI||81||99||86||97||A|
|Silvergate Cap Corp Cl A||SI||79||96||99||99||A|
|OneMain Holdings Inc||OMF||76||98||98||92||B|
|Western Alliance Bancorp||WAL||68||98||98||94||A|
|Alphabet Inc Cl A||GOOGL||67||99||95||86||A|
|Onto Innovation Inc||ONTO||65||95||94||86||A|
|Boot Barn Holdings Inc||BOOT||63||99||96||97||B|
|Goldman Sachs Group Inc||GS||59||95||94||86||A|
|Generac Hldgs Inc||GNRC||55||99||97||96||A|
|Expeditors Intl Wash Inc||EXPD||52||98||94||84||A|
|Harborone Bancorp Inc||HONE||52||98||97||80||B|
|Headhunter Group Plc Ads||HHR||51||98||82||92||A|
3 Key Rules For How To Buy Today’s Fastest-Growing Stocks
While these fast-growing stocks show strong earnings estimates for 2021, it doesn’t necessarily mean they’ll meet or beat Wall Street expectations or shoot higher if they do. Be sure to have and follow sound buy rules and sell rules.
Following a simple three-step routine helps you stay profitable and protected, and ready to take advantage of today’s fastest-growing stocks when opportunities arise.
Follow Matthew Galgani on Twitter at @IBD_MGalgani.
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