As companies get ready to report Q1 earnings, here’s a look at today’s fastest-growing stocks expecting big EPS gains in 2021. Led by Steel Dynamics (STLD), Deere (DE) and Micron Technology (MU) also join 22 stocks expecting at least a 50% earnings increase this year.
In addition to STLD stock, fellow steel industry plays Nucor (NUE) and Ternium (TX) also make the grade.
Among semiconductor stocks, Kulicke & Soffa Industries (KLIC) and Lam Research (LRCX) join MU stock on the list. KLIC stock broke out this week in good volume and has now climbed just out of buy range.
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.
Find And Properly Handle Top Growth Stocks With This 3-Step Routine
Fastest-Growing Stocks To Buy And Watch In 2021
Created in MarketSmith, this stock screen highlights stocks like STLD, DE, MU and The Container Store (TCS) expecting a minimum of 50% earnings growth in 2021.
Wall Street expectations range from a 52% EPS gain for Ally Financial (ALLY) to a whopping 22,347% increase for Steel Dynamics.
|Company||Symbol||EPS Est Cur Yr %||Comp Rating||EPS Rating||RS Rating||SMR Rating|
|Steel Dynamics Inc||STLD||22,347||97||84||85||C|
|The Container Store Grp||TCS||263||98||93||98||C|
|Kulicke & Soffa Ind Inc||KLIC||202||99||81||92||A|
|Aviat Networks Inc||AVNW||180||99||98||99||B|
|Ternium Sa Adr||TX||155||99||97||91||C|
|Textainer Group Holdings||TGH||122||99||96||94||C|
|Yalla Group Ltd Ads Cl A||YALA||95||95||80||96||A|
|Micron Technology Inc||MU||94||98||96||82||B|
|Exp World Holdings Inc||EXPI||90||96||80||98||A|
|Deere & Co||DE||84||95||93||87||B|
|Malibu Boats Inc Cl A||MBUU||74||95||95||89||B|
|CAI International Inc||CAI||73||98||92||91||B|
|Louisiana Pacific Corp||LPX||68||99||90||93||A|
|Jefferies Financial Grp||JEF||64||99||98||81||A|
|Meridian Bioscience Inc||VIVO||58||97||83||85||A|
|Silvergate Cap Corp Cl A||SI||58||99||93||99||B|
|Lam Research Corp||LRCX||57||99||96||87||A|
|Ally Financial Inc||ALLY||52||95||85||90||C|
3 Key Rules For How To Buy Stocks
Keep in mind that earnings growth is just one factor to track when looking for the best stocks to buy and watch. In addition, make sure to follow these three key rules for how to buy stocks.
While STLD stock, DE, MU, Aviat Networks (AVNW) and others on the list have posted strong gains and solid estimates for 2021, it doesn’t necessarily mean they’re in buy range right now. Be sure to also check the current stock market trend as well as the current chart action to see if the stock is forming a proper chart pattern.
It’s also critical to have and follow sound sell rules when handling the fastest-growing stocks. You never want to let a big gain disappear or, even worse, turn into a loss.
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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