High-growth stocks that are financially stable are attractive for many reasons. They provide a strong upside to your portfolio, with less likelihood of downside risks compared to less financially robust companies. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.
Incyte Corporation (NASDAQ:INCY)
Incyte Corporation focuses on the discovery, development, and commercialization of proprietary therapeutics in oncology in the United States and internationally. Started in 1991, and currently lead by Hervé Hoppenot, the company now has 980 employees and with the company’s market capitalisation at USD $22.48B, we can put it in the large-cap category.
Extreme optimism for INCY, as market analysts projected an outstanding earnings growth rate of 91.49% for the stock, supported by a double-digit sales growth of 41.60%. Though some cost-cutting activities may artificially inflate margins, it appears that this isn’t solely the case here, as profit growth is also coupled with high top-line expansion. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 22.35%. INCY’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. Considering INCY as a potential investment? Have a browse through its key fundamentals here.
TPI Composites, Inc. (NASDAQ:TPIC)
TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. Started in 1968, and currently lead by Steven Lockard, the company now has 6,700 employees and with the stock’s market cap sitting at USD $805.71M, it comes under the small-cap group.
Extreme optimism for TPIC, as market analysts projected an outstanding earnings growth, which is expected to more than double, supported by an equally strong sales growth of 52.13%. It appears that TPIC’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 28.54%. TPIC’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. Could this stock be your next pick? Check out its fundamental factors here.