As companies start reporting Q1 earnings, here’s a look at today’s fastest-growing stocks expecting big EPS gains in 2021. Steel stocks Schnitzer Steel (SCHN), Steel Dynamics (STLD), Ternium (TX) and Nucor (NUE) lead 27 names expecting at least 50% earnings growth in 2021 or their current fiscal year.
Among semiconductor stocks, Kulicke & Soffa Industries (KLIC), Lam Research (LRCX) and Brooks Automation (BRKS) also made the list. Heading into Friday’s close, KLIC stock is up nearly 9%, while BRKS stock is up around 4% for the day.
Others joining the club of today’s fastest-growing stocks include Deere (DE), Logitech International (LOGI) and financial stocks Goldman Sachs (GS), Jefferies Financial (JEF) and Ally Financial (ALLY).
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.
Top Growth Stocks Near Buy Points
Logitech, Atkore and Goldman Sachs stock are setting up new buy points.
Fastest-Growing Stocks To Buy And Watch In 2021
|Company||Symbol||EPS Est Cur Yr %||Comp Rating||EPS Rating||RS Rating||SMR Rating|
|Schnitzer Steel Inds A||SCHN||1,037||95||86||94||C|
|Kulicke & Soffa Ind||KLIC||266||99||80||91||A|
|The Container Store Grp||TCS||263||97||92||98||C|
|Textainer Group Holdings||TGH||122||99||95||94||C|
|Deere & Co||DE||85||95||92||89||B|
|Live Oak Bancshares||LOB||68||98||80||97||A|
|Jefferies Financial Grp||JEF||64||99||98||88||A|
|Western Alliance Bancorp||WAL||60||99||98||96||A|
|Goldman Sachs Group||GS||59||97||92||80||A|
|Smart Global Holdings||SGH||54||98||93||90||A|
3 Key Rules For How To Buy Stocks
While Schnitzer Steel, The Container Store, Goldman Sachs, Atkore, Align Technology and others show strong earnings estimates for 2021, it doesn’t necessarily mean they’ll beat Wall Street expectations or shoot higher if they do beat.
Especially during earnings season, it’s critical to have and follow sound buy rules and sell rules. You never know how a stock will react to the latest quarterly report, and you never want to let a big gain in a stock you own disappear.
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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