Yahoo Finance Top Growth Stocks This Week
High growth companies such as BlackBerry and Echelon Financial Holdings has a positive future outlook in terms of their returns, profitability and cash flows. The prospects of these companies tend to outperform others, regardless of how the stock market is generally doing. The list I’ve put together below are of stocks that compare favourably on all criteria, which potentially makes them a good investment if you believe the growth has not already been reflected in the share price.
BlackBerry Limited (TSX:BB)
BlackBerry Limited operates as an enterprise software and services company focused on securing and managing endpoints in the Internet of Things. Established in 1984, and now run by John Chen, the company provides employment to 3,288 people and with the market cap of CAD CA$7.61B, it falls under the mid-cap category.
BB’s forecasted bottom line growth is an exceptional 64.49%, driven by the underlying double-digit sales growth of 10.53% over the next few years. An affirming signal is when net income increase also comes with top-line growth. Even though some cost-reduction initiatives may have also pushed up margins, in the case of BB, it does not appear extreme. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 5.69%. BB’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Thinking of investing in BB? Have a browse through its key fundamentals here.
Echelon Financial Holdings Inc. (TSX:EFH)
Echelon Financial Holdings Inc., through its subsidiaries, provides property and casualty insurance products and services in Canada. Started in 1997, and now led by CEO Serge Lavoie, the company employs 256 people and with the market cap of CAD CA$143.07M, it falls under the small-cap stocks category.
Considering EFH as a potential investment? Take a look at its other fundamentals here.
Tidewater Midstream and Infrastructure Ltd. (TSX:TWM)
Tidewater Midstream and Infrastructure Ltd. Tidewater Midstream and Infrastructure was started in 2015 and with the market cap of CAD CA$414.75M, it falls under the small-cap stocks category.
TWM’s forecasted bottom line growth is an optimistic 49.66%, driven by the underlying double-digit sales growth of 21.22% over the next few years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 7.98%. TWM’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Could this stock be your next pick? Take a look at its other 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.
