For Immediate Release
Chicago, IL – November 18, 2022 – Stocks in this week’s article are MacroGenics MGNX, Olink Holding OLK, NerdWallet, Inc. NRDS, LiveRamp RAMP and LivePerson LPSN.
5 Best Stocks to Invest in for Solid Earnings Acceleration
Persistent earnings growth enthralls almost everyone in the investment world, right from the top brass to research analysts. This is because earnings are a measure of the money a company is making.
Still, earnings acceleration works better when it comes to lifting the stock price. Studies have shown that most successful stocks have seen an acceleration in earnings before an uptick in the stock price.
Earnings acceleration, in fact, is the incremental growth in a company’s earnings per share (EPS). In other words, if the rate of a company’s quarter-over-quarter earnings growth increases within a stipulated time, it can be called earnings acceleration.
In case of earnings growth, you pay for something that is already reflected in the stock price. But earnings acceleration helps spot stocks that haven’t yet caught the attention of investors. Once secured, it will invariably lead to a rally in the share price. This is because earnings acceleration considers both the direction and magnitude of growth rates.
An increasing percentage of earnings growth means that the company is fundamentally sound and has been on the right track for a considerable period. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may, at times, drag prices down.
The above criteria narrowed down the universe of around 7,735 stocks to only eight. Here are the top five stocks:
MacroGenics is a biopharmaceutical company. It is focused on discovering and developing innovative monoclonal antibody-based therapeutics. MGNX currently has a Zacks Rank #2 (Buy). MGNX’s expected earnings growth rate for the current year is 50.2%. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
Olink Holding provides a platform of products and services which are deployed across major biopharmaceutical companies and clinical and academic institutions to deepen the understanding of real-time human biology. OLK currently has a Zacks Rank #1. OLK’s expected earnings growth rate for the current year is 69.8%.
NerdWallet, Inc. provides consumers with financial information. NRDS currently has a Zacks Rank #2. NRDS’s expected earnings growth rate for the current year is 74.4%.
LiveRamp operates as a marketing technology company. RAMP currently has a Zacks Rank #2. RAMP’s expected earnings growth rate for the current year is 27.1%.
LivePerson is the leading provider of mobile and online messaging business solutions, enabling a meaningful connection between brands and consumers. Zacks Rank #2 LPSN’s expected earnings growth rate for the current year is 62.1%.
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LivePerson, Inc. (LPSN) : Free Stock Analysis Report
MacroGenics, Inc. (MGNX) : Free Stock Analysis Report
LiveRamp Holdings, Inc. (RAMP) : Free Stock Analysis Report
Olink Holding AB publ Sponsored ADR (OLK) : Free Stock Analysis Report
NerdWallet, Inc. (NRDS) : Free Stock Analysis Report
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