Yahoo Finance Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Amazon (AMZN)
Amazon.com is one of the largest e-commerce providers, with sprawling operations in North America, now spreading across the globe. AMZN boasts a Growth Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 57.9% year-over-year for 2024, while Wall Street anticipates its top line to improve by 11%. 13 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.52 to $4.58 per share. AMZN boasts an average earnings surprise of 48.2%. Amazon is also cash rich. The company has generated cash flow growth of 25.3%, and is expected to report cash flow expansion of 59.4% in 2024. With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, AMZN should be on investors' short lists. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
