Finding the fastest growing stocks to buy can be a chore, but the Fastest Growing Companies screen in IBD MarketSmith quickly identifies those.
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The stock screen finds 150 growth stocks with 10% or more earnings growth in the two most recent quarters, sorted by the five-year earnings growth rate.
These five growth stocks fit the bill and — as would be expected — hold top-notch IBD Earnings Per Share Ratings of 98 or 99.
Fastest Growing Companies With Proven Growth
IBD 50 stock Datadog (DDOG) is in a cup-with-handle base with a 103.80 buy point.
The cloud security provider posted 17% and 30% quarterly earnings growth in the last two quarters, and holds a 128% five-year EPS growth rate. Analysts expect 20% EPS growth this year and 25% next year.
WillScot Mobile Mini (WSC) is building the right side of a cup base with a 53.46 buy point. Shares jumped 5.9% following better-than-expected earnings and sales on April 26.
The provider of modular storage units reported a whopping 112% Q1 EPS growth following a 64% increase in Q4. It has a 90% five-year earnings growth rate. Analysts project 59% profit growth this year and 23% in 2024.
Coke Bottler In Flat Base
Coca-Cola Consolidated
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(COKE), the nation’s largest Coke bottler, is in a flat base with a 694.20 buy point.
The base began when the stock jumped 11.3% in heavy volume following the company’s first-quarter earnings on May 3.
Quarterly EPS grew 93%, following a 101% jump in the prior quarter. COKE shows a 88% five-year earnings growth rate.
Protective film and coatings manufacturer XPEL (XPEL) is in the 5% buy zone of a cup-with-handle base with a 75.32 entry.
XPEL posted 46% and 36% EPS gains in the latest two quarters. The stock has a 60% five-year EPS growth rate.
Lattice Semiconductor (LSCC) jumped over 12% Monday and Tuesday as chip stocks saw strength, and as Susquehanna reiterated a positive rating with a 100 price target on LSCC.
Shares are in a cup base nearing a 96.82 entry. Lattice beat Q1 earnings and sales with 38% EPS growth, following a 53% gainin Q4. Lattice shows a 57% five-year EPS growth rate.
Follow Kimberley Koenig for more stock market news on Twitter @IBD_KKoenig.
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