Top 3 Growth Stocks For The Month
Investors tend to look for stocks that have a strong future outlook. Why invest in something that will grow slower than the rest of the market? In terms of profitability and returns, stocks such as American Express and Oil States International are expected to outperform its peers in the future. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.
American Express Company (NYSE:AXP)
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. Established in 1850, and now run by Kenneth Chenault, the company provides employment to 56,400 people and with the company’s market capitalisation at USD $87.64B, we can put it in the large-cap stocks category.
AXP’s forecasted bottom line growth is an optimistic double-digit 23.53%, driven by the underlying double-digit sales growth of 24.05% over the next few years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 34.42%. AXP ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. A potential addition to your portfolio? Take a look at its other fundamentals here.
Oil States International, Inc. (NYSE:OIS)
Oil States International, Inc., through its subsidiaries, provides specialty products and services to oil and natural gas related companies worldwide. Founded in 1995, and run by CEO Cynthia Taylor, the company currently employs 2,821 people and with the market cap of USD $1.74B, it falls under the small-cap category.
OIS’s projected future profit growth is an exceptional triple-digit, with an underlying 55.62% growth from its revenues expected over the upcoming years. It appears that OIS’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 0.37%. OIS’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. A potential addition to your portfolio? Other fundamental factors you should also consider can be found here.
AxoGen, Inc. (NASDAQ:AXGN)
AxoGen, Inc. provides surgical solutions for peripheral nerve injuries. The company now has 142 employees and has a market cap of USD $954.63M, putting it in the small-cap stocks category.
AXGN’s forecasted bottom line growth is an exceptional 61.79%, driven by the underlying 95.88% sales growth over the next few years. It appears that AXGN’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 5.04%. AXGN ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. A potential addition to your portfolio? Take a look at its other fundamentals here.
For more financially robust companies with high growth potential to enhance your portfolio, use our free platform to explore our interactive list of these stocks.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
