3 Growth Stocks to Keep an Eye On

A lot of people are interested in stocks, but may not know where to start. It is important to do your research before investing in any stock, and to consult with a financial advisor. There are many different types of stocks, and growth stocks are just one type that you may be interested in. Growth stocks are typically more volatile than other types, but they can also offer higher returns. When considering investing in growth stocks, it is important to look at the company’s financials and future prospects. You should also be aware of the risks involved.

NVIDIA CORPORATION

Introduction

NVIDIA Corporation ($NASDAQ:NVDA) is a strong and stable company with high revenue growth. It is suitable for those who want to invest for high capital gains. NVIDIA Corporation is currently trading at $138.34. According to the VI Star Chart, its health score is 8.0/10 and profitability at 9.0/10.

Company Overview

NVIDIA Corporation was founded in 1993 and is headquartered in Santa Clara, California. It designs, manufactures, and markets visual computing solutions. The company operates in two segments, GeForce and Quadro. GeForce products are designed for mainstream consumers and gaming enthusiasts. Quadro products are designed for professional workstations used by designers, engineers, and scientists.

Financial Highlights

For the fiscal year ended January 31, 2021, NVIDIA Corporation’s revenue increased 40% to $16.7 billion from $11.9 billion in the prior year. Net income increased to $5.66 billion from $3.01 billion in the prior year. Earnings per share increased to $16.34 from $8.60 in the prior year. NVIDIA Corporation’s return on equity increased to 62% from 39% in the prior year.

Stock Performance

NVIDIA Corporation’s stock has outperformed the S&P 500 Index over the past year, rising nearly 90% compared to the index’s 12% gain. The stock is up nearly 400% over the past two years and 1,600% over the past five years.

Analyst Recommendations

Analysts have a bullish outlook on NVIDIA Corporation’s stock. The average 12-month price target among analysts covering the stock is $601.33, which implies upside potential of 334% from the current price level.

Risks

NVIDIA Corporation’s stock is not without risks. Some of the risks associated with the stock include dependence on gaming and data center customers, competition from companies such as AMD and Intel, and potential challenges in the automotive market. Investors should carefully consider these risks before investing in NVIDIA Corporation’s stock.

PINDUODUO INC.

PINDUODUO INC. ($NASDAQ:PDD) is a stable and high revenue or earning growth company that is suitable for those who wants to invest for high capital gains.PINDUODUO INC. is currently trading at a price that is suitable for those who wants to invest for high capital gains. This is because PINDUODUO INC. has achieved stable and high revenue or earning growth.

PINDUODUO INC. is a Chinese electronic commerce company that offers online services via web portals and mobile apps. It also provides retail services through physical stores. The company was founded in 2015 and its headquarters is in Shanghai, China.

PINDUODUO INC. went public on the Nasdaq stock exchange in July 2018. As of September 2019, it was the fourth most valuable tech company in China after Alibaba Group, Tencent Holdings and Baidu.

The company operates in two segments:

-Online services: This includes the sale of goods and services through its online platforms, such as web portals and mobile apps.

-Retail services: This includes the sale of goods through physical stores.

TRACTOR SUPPLY COMPANY

TRACTOR SUPPLY COMPANY ($NASDAQ:TSCO) has been a solid and high-earning stock for many years, making it a great choice for investors who are looking for high capital gains. The company has achieved impressive revenue growth in recent years, with a 17.43% growth from 2020 to 2022. This is indicative of TSCO’s strong competitive advantage in the market. The company is currently trading at $223.14 as of October 31st, 2022, and has a health score of 8.0/10 and a profitability score of 9.0/10 according to VI Star Chart. Consequently, TSCO is a great stock to buy for those who are looking for long-term growth potential.