see-20-of-the-fastest-growing-stocks-expecting-up-to-1,037%-growth-in-2021

See 20 Of The Fastest-Growing Stocks Expecting Up To 1,037% Growth In 2021

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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.

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The Container Store (TCS) leads the list of retail stocks, with the home furnishings company looking for 263% EPS growth this year.

Financial stocks on the list include Blackstone (BX), Ally Financial (ALLY), First Bancorp (FBP) and Regions Financial (RF).

Building sector stocks Louisiana Pacific (LPX) and Century Communities (CCS) joined energy sector stocks Denbury (DEN) and mining stock Teck Resources (TECK) on the list.

Further confirming the wide-ranging list of the fastest-growing stocks, leading semiconductor stock Kulicke & Soffa Industries (KLIC) also made the cut, expecting a 266% EPS increase in 2021.

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.

CCS stock leads with a spot on both the IBD 50 and Sector Leaders. BX stock is on the IBD Big Cap 20 and STLD stock has forged a spot on Stock Spotlight.


Find The Fastest-Growing Stocks With IBD Stock Screener


Top Growth Stocks Near Buy Points

While many of these fastest-growing stocks are extended or forming emerging chart patterns, some are setting up potential breakouts.

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.

Align Technology (ALGN) — the world’s largest 3D printing manufacturer — is just below a 634.56 entry. ALGN stock was recently highlighted in the IBD Stock Analysis.

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
Nucor Corp NUE 221 99 91 89 C
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
Camtek Ltd CAMT 121 99 96 94 A
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
Denbury Inc DEN 88 98 97 97 D
Century Communities Inc CCS 87 99 98 94 A

3 Key Rules For How To Buy Today’s Fastest-Growing Stocks

Keep in mind that earnings growth is just one factor to track when looking for the best stocks to buy and watch. In addition, make sure to follow these three key rules for how to buy 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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