With 2020 behind us and the bulk of Q4 and full-year earnings reports just around the corner, here's a look at the fastest-growing stocks to watch in 2021. Led byGrowGeneration(GRWG), the list of seven stocks also featuresSquare(SQ),Daqo New Energy(DQ) andAlign Technology(ALGN).
GRWG stock went public in December 2019, quickly becoming one of the bestIPO stocks to watch.
Like other newer IPO stocks such asZoom Video(ZM) andPinduoduo(PDD), GrowGeneration has already made a huge run since its market debut. Based in Denver, GrowGeneration distributes organic nutrients, soils and equipment to commercial and home growers. GRWG stock is among the fastest-growing marijuana orpot stocks.
While ZM stock is trying to regroup after its big move, GRWG stock and PDD stock have continued to climb.
Shining as one of the bestsolar energy stocks to watch, Daqo New Energy broke out on Dec. 15. Daqo stock has added to those gains as itsrelative strength linelights up a new 52-week high.
Square stock is also hitting new highs as it and fellow payments processorPayPal(PYPL) get aBitcoin bounce.
Fastest-Growing Stocks To Watch In 2021
Meanwhile, the impressive gains by GRWG stock come as even more recent IPOs fromAirbnb(ABNB) andDoorDash(DASH) look to deliver abanner year for IPO stocks. While ABNB stock and DASH stock have jumped out to nice starts, keep in mind that new IPO stocks often go through periods ofvolatility.
DASH stock and ABNB stock have both broken out in recent days.
One of thekey traits of winning stocksis strong earnings growth. This screen highlights stocks to watch expecting at least 50% EPS growth in 2021.
Equally important, to show both fundamental and technical strength, each stock must also have a 95 or higherComposite Rating. They must also have anEPS Rating and RS Ratingnorth of 80. Finally, to avoid thinly traded penny stocks, they must also have a share price above $12 and trade at least 200,000 shares a day on average.
3 Key Rules For How To Buy Stocks
Keep in mind that earnings growth is just one factor to track when looking for thebest stocks to buy and watch. In addition, make sure to follow these three key rules forhow to buy stocks.
As GRWG stock, SQ, DQ, ALGN and others show, Wall Street looks to the future for these stocks to watch, not the past.
Despite weak earnings growth in recent quarters from names like Align and Square, their share prices have been rebounding even before improved Q3 results.
While there are no guarantees in the stock market, the strong earnings estimates for the new year point to better times down the road.
精彩评论