Every season brings fresh opportunities for growth-stock investors.
The worlds of technology and science march forward without looking back. Fresh legislation can open up a completely new niche for investors of all stripes. And some of the old standards for growth investment enthusiasts make cyclical “comebacks.”
That’s why the end of 2017 is an especially exciting time for anyone who wants to delve into the realm of growth stocks, which of course come with both risk and outsize opportunity.
Here’s a quick overview of the prime candidates amongst high-growth stocks that you might want to consider giving a second look.
As 2018 closes in, now is the perfect time to spend the last few weeks of the summer doldrums of a slow market to choose additions to next year’s portfolio.
Molson Coors Brewing Co/TAP
Consumers buy beer year-round, but “sin” category stocks tend to do best during holiday seasons and year-end cycles. Molson Coors is a perennial favorite of growth stock investors for many reasons, not the least of which is its high profile name and solid financial structure.
So if your portfolio could use a solid belt of the good stuff, Molson has what it takes. With a high price estimate of $117 and the ability to outperform the market in any given year, this is an attractive growth stock that gets a buy recommendation for most analysts.
“The 12 analysts offering 12-month price forecasts for Molson Coors Brewing Co have a median target of 105.00, with a high estimate of 117.00 and a low estimate of 88.00. The median estimate represents a 22.14 percent increase from the last price of 85.97.
The current consensus among 15 polled investment analysts is to buy stock in Molson Coors Brewing Co. This rating has held steady since June when it was upgraded from a hold rating.”
Camping World Holdings Inc/CWH
CWH is one of those cyclical growth stocks that need to be watched for purposes of timing. But if investors can keep an eye on the price changes and get a feel for how the company’s stock moves throughout the year, it can be a solid addition to any portfolio.
Right now, CWH is making something of a comeback from its “hold” recommendation in 2016. Now it is widely expected to outperform the market and is a universal buy on the charts of most financial advisors.
“The 8 analysts offering 12-month price forecasts for Camping World Holdings Inc have a median target of 35.46, with a high estimate of 42.00 and a low estimate of 32.00. The median estimate represents an 18.38 percent increase from the last price of 29.95.
The current consensus among 9 polled investment analysts is to Buy stock in Camping World Holdings Inc. This rating has held steady since June when it was upgraded from a hold rating.”
The chart speaks for itself:
IPG Photonics Corp/IPGP
A repeat “buy” recommendation from 2016, IPGP has a $175 high price estimate that is drawing attention from the financial media as well as growth investors.
“The 9 analysts offering 12-month price forecasts for IPG Photonics Corp have a median target of 157.00, with a high estimate of 175.00 and a low estimate of 125.00. The median estimate represents a 9.35 percent increase from the last price of 143.57.
The current consensus among 11 polled investment analysts is to buy stock in IPG Photonics Corp. This rating has held steady since June when it was unchanged from a buy rating.”
Officially ranked as a “buy” by nearly all the major analysts, Shopify is looking at a top side price target of $105 since the company was recently upgraded from being a “hold.”
“The consensus forecast amongst 26 polled investment analysts covering Shopify Inc (US) advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts improved on Nov 18, 2015.
The previous consensus forecast advised investors to hold their position in Shopify Inc (US). The median estimate represents a 3.97 percent increase from the last price of 91.37.
The current consensus among 25 polled investment analysts is to buy stock in Shopify Inc. This rating has held steady since June when it was unchanged from a buy rating.”
Websites and Books That Can Make a Difference
If you want to stay ahead of the curve when it comes to high-growth stocks, check out some of the websites and books on our list. Spending time with these valuable resources is a good way to log a few “due diligence” hours, so vital for every successful investor.
High growth alternative stocks are one of the hottest topics among Wall Street experts, many of whom spend their entire adult lives working to identify worthy HG candidates for their clients and themselves.
There are hundreds of wonderful information resources for people who want to learn more about high-growth investing. Listed below are a few of the top websites and books on the subject. Find one that suits your style of investing.
Investopedia, Motley Fool, Zacks, and The Street are probably the best known of the stock analysis bunch, and that’s for a very good reason: all four offer specialized advice and careful, detailed analysis that alternative investors need.
Whether you’re searching for background information on corporate staff or just want the latest financial number-crunching statistics for a particular company, these four sites are the best starting point for any active investor.
The Little Black Book of Stock Market Secrets
This little gem is perfect for alternative style investors who want the basics about how to approach the stock market in bull and bear markets.
There are special sections about how to choose stocks based on growth, dividend payout, and other features. For whatever reason, many alternative investors don’t spend much time studying the “traditional” markets, which is why this book is such a handy asset for off-the-radar investing.
Understanding the day-to-day Wall Street shuffle is an important part of any investor’s mental arsenal, and this book delivers.
Note: Please realize that the information presented above should not be taken as “investment advice” or any type of inducement to purchase specific securities. It is merely our take on the current state of the securities markets and is intended purely for informational purposes.