For Immediate Release
Chicago, IL – July 16, 2019 - Stocks in this week’s article are Carlisle Companies Inc. CSL, Northrop Grumman Corp. NOC, ResMed Inc. RMD, T. Rowe Price Group, Inc. TROW and JetBlue Airways Corporation JBLU.
Add These 5 Stocks with Solid Sales Growth to Your Portfolio
Sales growth is a vital metric for any company, as it is an important part of growth projections and is instrumental in strategic decision making. By observing this key metric over a period of time, one can clearly understand a company’s growth trend.
Sales growth is crucial to justify the fixed and variable expenses incurred to operate a business. Low revenues lead to an unprofitable business and unimpressive financial results. Stagnant companies may generate near-term profit, however, they need to show accelerated growth to attract new investors.
Further, in an improving economy, lack of sales growth most likely indicates that the company is not gaining market share over its competitors. In simple terms, some sustained sales growth is required to support profitability.
Focusing exclusively on sales growth is not enough though. A healthy sales growth rate is certainly a positive indicator for picking good stocks, but it does not ensure profits. So, taking into consideration a company’s cash position along with its sales number can prove to be a more dependable strategy.
Strong liquidity position and steady cash flow give a company more flexibility with respect to business decisions and potential investments. Cash also enables a company to endure market downturns. Most importantly, a sufficient cash position indicates that revenues are being channelized in the right direction.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/442212/add-these-5-stocks-with-solid-sales-growth-to-your-portfolio
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
Northrop Grumman Corporation (NOC) : Free Stock Analysis Report
Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report
T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report
ResMed Inc. (RMD) : Free Stock Analysis Report
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