As companies start reporting Q1 earnings, here’s a look at today’s fastest-growing stocks expecting big EPS gains in 2021. Steel stocks Schnitzer Steel (SCHN), Steel Dynamics (STLD), Ternium (TX) and Nucor (NUE) lead 20 names expecting at least 87% earnings growth in 2021 or their current fiscal year.
Check the Earnings Calendar every Friday for a look at notable companies set to report Q1 earnings.
Stock Screen For Today’s Fastest-Growing Stocks
To make this stock screen of today’s fastest-growing companies, each stock must have a 95 or higher Composite Rating, indicating a passing grade in Stock Checkup. A 95 Composite Rating means each stock is outperforming at least 95% of all stocks in terms of the most important stock-picking traits.
Each of these top growth stocks must also have an EPS Rating and RS Rating above 80 to show strong fundamental and technical strength.
To avoid thinly traded penny stocks, the screen only included the fastest-growing stocks that trade at least 200,000 shares a day on average and have a share price of at least $12.
Boosted by big earnings estimates, several of these top growth stocks have also secured a spot on IBD Stock Lists.
Top Growth Stocks Near Buy Points
SCHN stock, Tronox, Tech Resources, RF stock are in or near new buy points. In a sign of stock market leadership, the relative strength line for Tronox has hit a new 52-week high as TROX stock tests a new breakout. The RS line for SCHN stock is also trending higher at it tests a new buy point.
Fastest-Growing Stocks To Buy And Watch In 2021
Created in MarketSmith, this stock screen highlights top growth stocks expecting up to a 1,037% EPS increase in 2021.
|Company||Symbol||EPS Est Cur Yr %||Comp Rating||EPS Rating||RS Rating||SMR Rating|
|Schnitzer Steel Inds A||SCHN||1037||96||85||95||C|
|Kulicke & Soffa Ind Inc||KLIC||266||99||80||93||A|
|The Container Store Grp||TCS||263||97||91||98||C|
|Ternium Sa Adr||TX||234||99||92||94||B|
|Tronox Holdings plc||TROX||202||95||85||95||C|
|Steel Dynamics Inc||STLD||181||99||94||90||B|
|Aviat Networks Inc||AVNW||179||99||98||98||B|
|First Bancorp Hldg Co||FBP||151||98||87||90||B|
|Blackstone Group Inc||BX||137||98||90||81||A|
|Teck Resources Ltd||TECK||122||98||90||87||D|
|Textainer Group Holdings||TGH||122||98||95||93||C|
|Ally Financial Inc||ALLY||115||97||88||93||C|
|Regions Financial Corp||RF||106||97||87||86||B|
|Align Technology Inc||ALGN||98||96||97||87||A|
|Louisiana Pacific Corp||LPX||96||99||88||95||A|
|Herc Holdings Inc||HRI||93||97||90||97||C|
|Century Communities Inc||CCS||87||99||98||94||A|
3 Key Rules For How To Buy Today’s Fastest-Growing Stocks
While Schnitzer Steel, The Container Store, Align Technology and others show strong earnings estimates for 2021, it doesn’t necessarily mean they’ll beat Wall Street expectations or shoot higher if they do beat.
Especially during earnings season, it’s critical to have and follow sound buy rules and sell rules. You never know how a stock will react to the latest quarterly report, and you never want to let a big gain in a stock you own disappear.
Following a simple three-step routine helps you stay profitable and protected, and ready to take advantage of today’s fastest-growing stocks when opportunities arise.
Follow Matthew Galgani on Twitter at @IBD_MGalgani.
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