For Immediate Release
Chicago, IL – April 7, 2021 – Stocks in this week’s article are Williams-Sonoma, Inc.
WSM
, Southern Copper Corporation
SCCO
, Qorvo, Inc.
QRVO
, PennyMac Financial Services, Inc.
PFSI
and Medical Properties Trust, Inc.
MPW
.
5 Top-Ranked Stocks with Solid Sales Growth Worth Betting On
Sales growth is an important metric for any company, as it is an important part of growth projections and influential in strategic decision making. By observing this key metric over a period of time, one can clearly understand a company’s growth trend.
Sales growth is crucial to justify the expenses incurred to run a business. Low revenues result in an unprofitable business and unimpressive financial results. Stagnant companies may generate near-term profits but they need to deliver accelerated growth to attract new investors.
Further, in an improving economy, lack of sales growth most likely indicates that the company is not gaining market share over competitors. In other words, some sustained sales growth is required to support profitability.
Focusing exclusively on sales growth is not enough though. A healthy sales growth rate is certainly a positive indicator for picking good stocks, but it does not ensure profits. So, taking into account a company’s cash position and sales number can prove to be a more dependable strategy.
Strong liquidity position and steady cash flow give a company more flexibility with respect to business decisions and potential investments. Cash also enables a company to endure market downturns. Most importantly, a sufficient cash position indicates that revenues are being channelized in the right direction.
For the rest of this Screen of the Week article please visit Zacks.com at:
https://www.zacks.com/stock/news/1353700/5-top-ranked-stocks-with-solid-sales-growth-worth-betting-on
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Strong Stocks that Should Be in the News
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit
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