As the calendar flips to February 9, investors embark on a hunt for growth opportunities. Carrying this torch, we have three stocks—The Clorox Company (CLX), EnerSys (ENS), and Powell Industries, Inc. (POWL). Each of these stocks possesses the coveted Zacks Rank #1 and presents robust growth characteristics, making them worth considering.
The Clorox Company: A Beacon of Consumer and Professional Products
The Clorox Company stands strong, with the Zacks Consensus Estimate for its current year earnings marking a commendable 19.7% rise over the last 60 days. This growth juggernaut displays a PEG ratio of 2.40, outshining the industry’s 3.03. Additionally, the company boasts a Growth Score of B, cementing its position as an attractive proposition for growth-oriented investors.
EnerSys: Energizing the Energy Storage Sector
Thriving in the energy storage domain, EnerSys projects a Zacks Rank #1 and has witnessed a substantial 11.9% surge in the Zacks Consensus Estimate for its current year earnings over the past 60 days. EnerSys holds a PEG ratio of 0.82, notably lower than the industry’s 1.62, and touts a Growth Score of B, further underlining its potential for growth seekers.
Powell Industries, Inc.: The Custom Equipment Maven
Powell Industries, Inc., is on a tear, backed by a Zacks Rank #1 and a striking 44.2% surge in the Zacks Consensus Estimate for its current year earnings over the last 60 days. The company flaunts a PEG ratio of 1.25, surpassing the industry’s 1.62 and embraces a Growth Score of A, signaling an enticing path for growth-focused investors.
Unlocking the Potential
These three stocks are indicative of the treasure trove of growth opportunities that lie in wait. With their strong buy ranks and a compelling growth narrative, they set the stage for potential windfalls. As investors set sail to navigate the tempestuous seas of stock markets, these stocks could plausibly serve as steadfast, reliable anchors.
Seizing the Opportunity
Riding the wave of growth, investors can consider boarding these stocks as they mount the ascent. While others might inveterately swear by “buying low and selling high,” these stocks beckon investors with the prospect of “buying high and selling higher,” thus enticing a more discerning segment of investors.
Gaining a Competitive Edge
To foster a well-informed investment decision, perusing the full list of top-ranked stocks can lend a competitive edge. Harnessing this knowledge extrapolated from a blend of hard data and soft intuition, investors can potentially catalyze their portfolio’s growth and carve out a unique position in the stock market.
View the full list of top-ranked stocks here.
Unveiling the Growth Score
Delve deeper into the Growth score to peel back the layers of this stock-picking secret sauce. Learn about the Growth score and how it is calculated, thereby gleaning invaluable insights to deploy in discerning potential high-growth investments.
5 Stocks Set to Double
Each handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. With previous recommendations soaring +143.0%, +175.9%, +498.3%, and +673.0%, these stocks offer a compelling avenue, sometimes hidden from the entrenched gaze of Wall Street, to spur a sensational portfolio growth.
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The Clorox Company (CLX) : Free Stock Analysis Report
Enersys (ENS) : Free Stock Analysis Report
Powell Industries, Inc. (POWL) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
