Stocks To Buy And Watch: PINS Stock Among 11 Fastest-Growing Stocks In 2021


With Q1 nearing completion, here’s a look at the fastest-growing stocks to watch in 2021. Led by The Container Store (TCS), Pinterest (PINS), Futu (FUTU), Daqo New Energy (DQ) and Ternium (TX) are among 11 stocks expecting 84% to 263% earnings growth this year.




X



Given the brighter outlook for the travel and leisure sectors after the shutdowns in 2020, Winnebago Industries (WGO) and Thor Industries (THO) also make the cut. WGO stock and THO stock have both been motoring to new highs.

While 2021 estimates for FUTU stock (104%) and PINS stock (100%) place them among today’s fastest-growing stocks, potential signs of trouble have clouded the horizon.

Beginning in late February, PINS stock sold off sharply, slicing below its 50-day moving average in heavy volume. Pinterest is now trying to retake that benchmark line, but volume has been below average on the attempted rebound.

PINS stock remains on the IBD Big Cap 20, along with farming equipment giant Deere (DE), which is also on the IBD 50.

Despite posting 880% EPS growth and a 283% sales increase for Q4 on March 16, FUTU stock retreated after reporting. The Chinese brokerage and wealth management platform remains above the 10-week line but may come down to test support.

Shining as one of the best solar energy stocks to watch, Daqo New Energy broke out on Dec. 15. But like PINS stock and FUTU stock, Daqo has faded off its old highs.

Such action in the fastest-growing stocks like PINS, FUTU and Daqo means it’s a time to be cautious. As these highfliers correct and possibly set up new chart patterns, investors in growth stocks may want to reduce their holdings and limit exposure.

Fastest-Growing Stocks To Buy And Watch In 2021

One of the key traits of winning stocks is strong earnings growth. This stock screen highlights companies expecting at least 75% EPS growth in 2021.

Equally important, to show both fundamental and technical strength, each stock must have a 95 or higher Composite Rating to make this list. They must also have an EPS Rating and RS Rating north of 80. Finally, to avoid thinly traded penny stocks, they must also have a share price above $12 and trade at least 200,000 shares a day on average.


Find The Best Stocks To Buy And Watch With IBD Stock Screener


Company Symbol EPS Est Cur Yr % Comp Rating EPS Rating RS Rating SMR Rating
The Container Store Grp TCS 263 96 93 98 C
Kulicke & Soffa Ind Inc KLIC 202 99 82 87 A
Daqo New Energy Corp Ads DQ 192 95 87 98 A
Ternium Sa Adr TX 145 99 97 88 C
Winnebago Industries Inc WGO 123 98 94 82 B
Textainer Group Holdings TGH 122 99 95 90 C
Denbury Inc DEN 115 97 97 88 D
Futu Holdings FUTU 104 99 84 99 A
Pinterest Inc PINS 100 99 84 94 A
Thor Industries Inc THO 98 98 81 87 B
Deere & Co DE 84 97 93 88 B

3 Key Rules For How To Buy 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.

As recent action in PINS stock, FUTU stock and Daqo shows, it’s also critical to have and follow sound sell rules when handling the fastest-growing stocks. You never want to let a big gain disappear or, even worse, turn into a loss.

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.

YOU MIGHT ALSO LIKE:

Warren Buffett Stocks: Veeva, Lululemon Among 12 Stocks On This Screen

Track Market Trends And Find Top Stocks With This Simple 3-Step Routine

Learn How To Read Stock Charts And Find The Best Stocks To Buy And Watch

Find Stocks Near A Buy Point Right Now With IBD Leaderboard





Source link

Get in Touch

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related Articles

John Kerry’s Climate Warning: ‘Even If We Get To Net Zero, We Need Carbon Removal’

John Kerry, the Biden administration’s special climate envoy, warned Thursday that mounting global commitments to reach net-zero emissions by the middle of this...

Alex Powers Talks Career and Broadcasting, NCAA DII Softball Update and Breakdown

On our latest edition of In The Circle, Victor Anderson flies solo and breaks down two DII conference tournaments (SAC and Conference Carolina)....

Drury Adds RAC AquaHawgs’ Aisling Allen for 2021-22

Fitter and Faster Swim Camps is the proud sponsor of SwimSwam’s College Recruiting Channel and all commitment news. For many, swimming in college...

Get in Touch

21,851FansLike
2,507FollowersFollow
17,500SubscribersSubscribe

Latest Posts

John Kerry’s Climate Warning: ‘Even If We Get To Net Zero, We Need Carbon Removal’

John Kerry, the Biden administration’s special climate envoy, warned Thursday that mounting global commitments to reach net-zero emissions by the middle of this...

Alex Powers Talks Career and Broadcasting, NCAA DII Softball Update and Breakdown

On our latest edition of In The Circle, Victor Anderson flies solo and breaks down two DII conference tournaments (SAC and Conference Carolina)....

Drury Adds RAC AquaHawgs’ Aisling Allen for 2021-22

Fitter and Faster Swim Camps is the proud sponsor of SwimSwam’s College Recruiting Channel and all commitment news. For many, swimming in college...

AVCA announces All-American teams, two top honors go to Kentucky

Kentucky's Madison Lilley sets in last week's NCAA regional...

Hawryschuk Coming Back

Image: Photographer Name: PHOTO BY JOHN STROHSACKERArticle Summary Title: Hawryschuk Coming BackPath: https://www.uslaxmagazine.com/college/women/emily-hawryschuk-returning-to-syracuse-for-sixth-year-of-eligibility Source link