The Investors’ Business Daily (IBD) has recently released its stock lists of the top 50 fastest growing stocks in the current market. To make it to the list, stocks must have estimates of at least 50% earnings growth.
Despite the disruptions in the economy this year, the stock market is still on track towards recovery and these companies are leading the way.
Virtu Financial (VIRT) is in the lead with and EPS growth of 467% for this year. VIRT stock is also on the Sector Leaders list and the IBD 50.
Next is PennyMac Financial Services (PFSI) with and EPS of 219%. PFSI was recently on the IBD Breakout Stocks Index. It joins NFLX and VIRT stocks on the Sector Leaders list.
Other big earners are Nvidia, AMD, Vertex Pharmaceuticals (VRTX), and Dollar General (DG).
Nvdia, Vertex, Netflix, DG, and AMD are also on the IBD Big Cap 20 list.
Take note that earnings growth is only one of the traits of profitable stocks. But it’s worth taking a look when you come across triple-digit earners like Virtu Financial and PennyMac.
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