As a tumultuous 2020 comes to end, here’s a look at stocks to watch in 2021. Featuring Square (SQ), Quidel (QDEL), Micron Technology (MU) and Align Technology (ALGN), the list below highlights eight growth stocks expecting big EPS gains in 2021 or their next fiscal year.
Like other newer IPO stocks such as Zoom Video (ZM) and Pinduoduo (PDD), GrowGeneration has already made a huge run since its market debut. Based in Denver, GrowGeneration distributes organic nutrients, soils and equipment to commercial and home growers.
Fastest-Growing Stocks To Watch In 2021
Meanwhile, the impressive gains by GRWG stock, ZM and PDD come as even more recent IPOs from Airbnb (ABNB) and DoorDash (DASH) look to deliver a banner year for IPO stocks. As is common among new IPOs, ABNB stock and DASH stock have been volatile in their stock market debuts.
One of the key traits of winning stocks is strong earnings growth. This screen highlights stocks to watch expecting at least 50% EPS growth in 2021.
Equally important, to show both fundamental and technical strength, each stock must also have a 95 or higher Composite Rating. 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.
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As SQ stock, MU, ALGN, GRWG, QDEL and others show, Wall Street looks to the future for these stocks to watch, not the past.
Despite weak earnings growth in recent quarters from names like Micron stock, Align and Square, their share prices have been rebounding. While there are no guarantees in the stock market, the strong earnings estimates for the new year point to better times down the road.
|Company||Symbol||EPS Est Next Yr %||EPS Est Cur Yr %||EPS Rating||RS Rating||SMR Rating||Comp Rating|
|Micron Technology Inc||MU||91||27||90||86||C||97|
|Daqo New Energy Corp||DQ||81||200||91||98||A||99|
|Acm Research Inc||ACMR||67||-21||85||96||B||97|
|Textainer Group Holdings||TGH||59||44||90||94||C||95|
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