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Best Growth Stocks to Watch Over the Next 10 Years

Investors gear up for another earnings season. So far, company reports have met expectations, leading to increased optimism.
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Best Growth Stocks to Watch – Investors are gearing up for another earnings season filled with surprises. So far, company reports have met expectations, leading to increased optimism on Wall Street. The positive sentiment is good for growth stocks, as earnings season is calming investors’ anxieties.

The low-interest environment is fuel for growth, and businesses are capitalizing on the opportunity.

Growth stocks are companies that are expanding and improving their fundamentals. As a result of the improvements, growth stocks tend to experience rapid appreciation. Compared to value stocks which have a higher value than what they are trading on the market.

If you’re looking for higher gains, here are the best growth stocks to watch for an instant portfolio upgrade.

Best Growth Stocks to Watch List

If you look at market dynamics, growth stocks have been one of the best performing asset classes over the past ten years. In fact, the iShares S&P 500 Growth ETF has outpaced the S&P 500 by 21% over that time.

For the next ten years, here are the best growth stocks to watch set for explosive returns.

#5 Enphase (NASDAQ: ENPH)

  • Market Cap: 29.58B
  • Revenue Growth: 151%
  • EPS Growth: 173%
  • Net Profit Margin: 12.45%

Speaking of growth, one of the fastest-growing industries is solar. Furthermore, renewable energy was the only energy source that saw its demand increase in 2020, with solar leading the way. And with President Biden’s plans to achieve net-zero emissions by 2050, solar looks like a good sector to continue growing.

With this in mind, there’s no better way to capture the growth than investing in one of the leading solar installers. Enphase is growing much faster than most of its peers. In its second-quarter earnings, ENPH displayed another solid sowing.

The company noted higher demand for its solar products than what it could meet, again. Revenue is growing at a rapid pace, as is EPS. Additionally, Enphase’s margins are improving, showing the company is becoming more profitable.

On top of this, its cash position is improving, with cash being 62% of its assets. Looking ahead, Enphase is in an excellent place to continue being a leader in the solar market and executing as one of the best growth stocks to watch.

#4 Chewy (NYSE: CHWY)

  • Market Cap: 30B
  • Revenue Growth: 26%
  • EPS Growth: 50%
  • Net Profit Margin: -0.77%

Chewy is one of the best growth stocks that hasn’t performed like one as of lately. The drop is partially due to negative sentiment around the company.

As the economy is reopening, investors are seemingly discounting the company’s ability to generate profits. But, I’m here to tell you pets are here to stay, and Chewy’s services are superior to the competition.

Pet sales broke records during the pandemic as people looked for companionship. What’s more, is Chewy’s business boomed with retail stores shutdown. Now that the economy is reopening, competition is creeping back in.

However, Chewy’s business model centers around the customer experience. In its Q2 report, Chewy highlighted a 21% increase in active customers. The company is still growing, and by building relationships with consumers, Chewy is able to keep them coming back.

Additionally, Chewy stock is down over 18% YTD. The drop in share price could offer investors a chance to get before the growth continues.

#3 Roku (NASDAQ: ROKU)

  • Market Cap: 42.63B
  • Revenue Growth: 81%
  • EPS Growth: 248%
  • Net Profit Margin: 11.39%

Streaming is another industry that has taken off in the past year or so. The pandemic accelerated the transition from cable to streaming. And Roku is at the center of the movement.

Roku is taking full advantage of the switch as consumers prefer easy-to-use services. As a result, Roku is breaking sales records, with 81% growth to $645 million.

On top of this, Roku’s ad service is looking like a gold mine. With this in mind, Roku more than doubled its platform revenue to $532 million, a 117% YOY increase.

Additionally, Roku is creating original content and teaming up with A-list celebrities to boost content. Looking ahead, Roku is in a powerful position to capture a fair share of the streaming revenue that can reach $247 billion by 2027.

Roku stock is up 47% from one year ago but is still down 30% from its ATH’s. If Roku can continue attracting users and monetizing them, they should see the growth continue.

Keep reading to discover two of the best growth stocks to watch for.

#2 Airbnb (NASDAQ: ABNB)

  • Market Cap: 107B
  • Revenue Growth: 298%
  • EPS Growth: 94%
  • Net Profit Margin -5.11%

Airbnb is a unique growth stock. When the company went public in December 2020, the IPO created a lot of hype. Investors were excited to be a part of the innovative rental company.

The excitement pushed ABNB shares higher, reaching $219 a share. But, since then, the stock has been underperforming after a series of disappointing earnings.

The company’s revenue is growing, reaching $1.3 billion in the second quarter. The growth is promising as it’s exceeding pre-pandemic levels.

In addition, pent-up travel demand may help boost Airbnb’s business as travelers get back to their plans. Not only that, but the generations most likely to be traveling are millennial’s and Gen Z, two of Airbnb’s largest customer groups.

Another key point is the desire to stay with a bigger brand for safety reasons. And with Airbnb being one of the biggest names in vacation rentals, they have the advantage. This lands it on the best growth stocks to watch going forward.

#1 Celsius Holdings (NASDAQ: CELH) – Best Growth Stock to Watch

  • Market Cap: 7.17B
  • Revenue Growth: 116%
  • EPS Growth: 150%
  • Net Profit Margin 6.09%

If you haven’t heard the name Celsius yet, it’s time to get familiar. The fitness drink maker is blowing up in popularity. A big part of the company’s success is based on its clinically proven formula, shown to have health benefits.

I know what you are thinking, health benefits with an energy drink? But, Celsius doesn’t include any artificial flavors or colors in its drinks.

The Celsius energy drink is going mainstream – you can find it essentially everywhere now. Not only that but it’s being displayed as a top consumer choice.

Celsius stock is up 350% from one year ago. Can it continue the success? Remember Monster Beverage was the best performing stocks of the century. I think Celsius still has a lot of room to grow.

These Are Some of the Best Growth Stocks to Watch – Is It Time to Buy?

Now that we’ve covered the best growth stocks to watch for big-time growth, you may be wondering, is it a good time to buy?

These rapidly growing companies tend to outperform the market on average. But, keep in mind, even the best growth stocks can experience price declines if the growth slows.

All in all, these companies are taking the initiative and growing in their respective industries. They’re establishing their brand while giving returns to investors.

We’ve seen what past growth leaders like Apple, Amazon, and Tesla have been able to accomplish. Will these be the next big thing? If they keep up at their current pace, then they will have a real shot at it.

For more on the best growth stocks to watch and other great opportunities, sign up for Trade of the Day. This free e-letter will help you make smarter, more profitable investments. Join Now!

The post Best Growth Stocks to Watch Over the Next 10 Years appeared first on Investment U.

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Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While “Waiting” For Deporation, Asylum

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several…

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several months we've pointed out that there has  been zero job creation for native-born workers since the summer of 2018...

... and that since Joe Biden was sworn into office, most of the post-pandemic job gains the administration continuously brags about have gone foreign-born (read immigrants, mostly illegal ones) workers.

And while the left might find this data almost as verboten as FBI crime statistics - as it directly supports the so-called "great replacement theory" we're not supposed to discuss - it also coincides with record numbers of illegal crossings into the United States under Biden.

In short, the Biden administration opened the floodgates, 10 million illegal immigrants poured into the country, and most of the post-pandemic "jobs recovery" went to foreign-born workers, of which illegal immigrants represent the largest chunk.

Asylum seekers from Venezuela await work permits on June 28, 2023 (via the Chicago Tribune)

'But Tyler, illegal immigrants can't possibly work in the United States whilst awaiting their asylum hearings,' one might hear from the peanut gallery. On the contrary: ever since Biden reversed a key aspect of Trump's labor policies, all illegal immigrants - even those awaiting deportation proceedings - have been given carte blanche to work while awaiting said proceedings for up to five years...

... something which even Elon Musk was shocked to learn.

Which leads us to another question: recall that the primary concern for the Biden admin for much of 2022 and 2023 was soaring prices, i.e., relentless inflation in general, and rising wages in particular, which in turn prompted even Goldman to admit two years ago that the diabolical wage-price spiral had been unleashed in the US (diabolical, because nothing absent a major economic shock, read recession or depression, can short-circuit it once it is in place).

Well, there is one other thing that can break the wage-price spiral loop: a flood of ultra-cheap illegal immigrant workers. But don't take our word for it: here is Fed Chair Jerome Powell himself during his February 60 Minutes interview:

PELLEY: Why was immigration important?

POWELL: Because, you know, immigrants come in, and they tend to work at a rate that is at or above that for non-immigrants. Immigrants who come to the country tend to be in the workforce at a slightly higher level than native Americans do. But that's largely because of the age difference. They tend to skew younger.

PELLEY: Why is immigration so important to the economy?

POWELL: Well, first of all, immigration policy is not the Fed's job. The immigration policy of the United States is really important and really much under discussion right now, and that's none of our business. We don't set immigration policy. We don't comment on it.

I will say, over time, though, the U.S. economy has benefited from immigration. And, frankly, just in the last, year a big part of the story of the labor market coming back into better balance is immigration returning to levels that were more typical of the pre-pandemic era.

PELLEY: The country needed the workers.

POWELL: It did. And so, that's what's been happening.

Translation: Immigrants work hard, and Americans are lazy. But much more importantly, since illegal immigrants will work for any pay, and since Biden's Department of Homeland Security, via its Citizenship and Immigration Services Agency, has made it so illegal immigrants can work in the US perfectly legally for up to 5 years (if not more), one can argue that the flood of illegals through the southern border has been the primary reason why inflation - or rather mostly wage inflation, that all too critical component of the wage-price spiral  - has moderated in in the past year, when the US labor market suddenly found itself flooded with millions of perfectly eligible workers, who just also happen to be illegal immigrants and thus have zero wage bargaining options.

None of this is to suggest that the relentless flood of immigrants into the US is not also driven by voting and census concerns - something Elon Musk has been pounding the table on in recent weeks, and has gone so far to call it "the biggest corruption of American democracy in the 21st century", but in retrospect, one can also argue that the only modest success the Biden admin has had in the past year - namely bringing inflation down from a torrid 9% annual rate to "only" 3% - has also been due to the millions of illegals he's imported into the country.

We would be remiss if we didn't also note that this so often carries catastrophic short-term consequences for the social fabric of the country (the Laken Riley fiasco being only the latest example), not to mention the far more dire long-term consequences for the future of the US - chief among them the trillions of dollars in debt the US will need to incur to pay for all those new illegal immigrants Democrat voters and low-paid workers. This is on top of the labor revolution that will kick in once AI leads to mass layoffs among high-paying, white-collar jobs, after which all those newly laid off native-born workers hoping to trade down to lower paying (if available) jobs will discover that hardened criminals from Honduras or Guatemala have already taken them, all thanks to Joe Biden.

Tyler Durden Sun, 03/10/2024 - 19:15

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