Top Growth Stocks To Buy Today
Most investors find it challenging to find companies with prospective double-digit growth rates that are also financially robust. These hidden gems also add meaningful upside to a portfolio, should the companies meet expectations. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.
Hargreaves Lansdown plc (LSE:HL.)
Hargreaves Lansdown plc provides advisory and third party investment services for individuals and corporates in the United Kingdom. Formed in 1981, and run by CEO Christopher Hill, the company currently employs 1,310 people and with the stock’s market cap sitting at GBP £9.07B, it comes under the mid-cap category.
Extreme optimism for HL., as market analysts projected an outstanding earnings growth rate of 13.45% for the stock, supported by a double-digit sales growth of 27.64%. It appears that HL.’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 63.89%. HL.’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Should you add HL. to your portfolio? Other fundamental factors you should also consider can be found here.
Gulf Keystone Petroleum Limited (LSE:GKP)
Gulf Keystone Petroleum Limited engages in the exploration, evaluation, and production of oil and gas properties in the Kurdistan Region of Iraq, the Republic of Algeria, and the United Kingdom. Founded in 2001, and currently headed by CEO Jón Ferrier, the company employs 294 people and with the market cap of GBP £444.42M, it falls under the small-cap group.
GKP’s projected future profit growth is a robust 37.70%, with an underlying 30.64% growth from its revenues expected over the upcoming years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 13.22%. GKP ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Should you add GKP to your portfolio? Check out its fundamental factors here.
Flowtech Fluidpower plc (AIM:FLO)
Flowtech Fluidpower plc distributes hydraulic and pneumatic fluid power products in the United Kingdom and Northern Europe. Started in 1983, and headed by CEO Sean Fennon, the company currently employs 598 people and with the market cap of GBP £95.73M, it falls under the small-cap group.
FLO’s forecasted bottom line growth is an optimistic 33.83%, driven by the underlying double-digit sales growth of 46.77% over the next few years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 10.70%. FLO ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. A potential addition to your portfolio? Have a browse through its key fundamentals here.
For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.