© Reuters. 3 Stocks Poised for Jaw-Dropping Growth
Already a week into earnings season, corporate profits look strong again. But, we can’t expect this growth to last for so many stocks as we continue to move past the lows of the pandemic. That’s why investors need to consider stocks with very strong growth potential in the years to come. Sanderson Farms , Inc. (NASDAQ:), Ulta Beauty, Inc. (NASDAQ:), and SBA Communications Corporation (NASDAQ:) are three such stocks.As the global economy continues to rebound from the COVID-19 pandemic, we can now expect growth rates for companies to slow down. While earnings releases for the third quarter look strong overall, they are not as high as the last two quarters. That is because the first two quarters of this year were being compared to the first two quarters of last year. That was the height of the pandemic.
So, there’s no wonder so many companies saw sky-high growth rates. But as we continue to move on from the pandemic, we can’t expect that type of growth to continue for so many stocks. Even in the next few quarters, overall earnings growth should slow down compared to quarters where companies have already bounced back. However, some companies are still expected to see sky-high growth in the coming years.
But, how do you find them? It’s easy with our POWR Ratings system. All I had to do was run a screen for Buy-rated stocks with a Growth Grade of A or B and a projected earnings rate of over 50% per year over the next five years. Three of my top favorites are Sanderson Farms, Inc. (SAFM), Ulta Beauty, Inc. (ULTA), and SBA Communications Corporation (SBAC).
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
© Reuters. 3 Stocks Poised for Jaw-Dropping Growth Already a week into earnings season, corporate profits look strong again. But, we can’t expect this growth to last for so many stocks as we continue to move past the lows of the pandemic. That’s why investors need to consider stocks with very strong growth potential in the years to come. Sanderson Farms , Inc. (NASDAQ:), Ulta Beauty, Inc. (NASDAQ:), and SBA Communications Corporation (NASDAQ:) are three such stocks.As the global economy continues to rebound from the COVID-19 pandemic, we can now expect growth rates for companies to slow down. While earnings releases for the third quarter look strong overall, they are not as high as the last two quarters. That is because the first two quarters of this year were being compared to the first two quarters of last year. That was the height of the pandemic.So, there’s no wonder so many companies saw sky-high growth rates. But as we continue to move on from the pandemic, we can’t expect that type of growth to continue for so many stocks. Even in the next few quarters, overall earnings growth should slow down compared to quarters where companies have already bounced back. However, some companies are still expected to see sky-high growth in the coming years.But, how do you find them? It’s easy with our POWR Ratings system. All I had to do was run a screen for Buy-rated stocks with a Growth Grade of A or B and a projected earnings rate of over 50% per year over the next five years. Three of my top favorites are Sanderson Farms, Inc. (SAFM), Ulta Beauty, Inc. (ULTA), and SBA Communications Corporation (SBAC).Continue reading on StockNewsDisclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.