[ad_1]
This year’s bear market has mauled many companies, particularly once-highflying tech and growth stocks like Nvidia (NVDA) and Meta Platforms (META). The resulting sector rotation has put energy stocks and chemicals in the spotlight.
X
This stock screen highlights 23 companies expecting at least 100% earnings growth in 2022 or their current fiscal year.
Oil stocks and others from the energy sector dominate the list. Those continuing to prime big EPS estimates include Civitas Resources (CIVI), Vaalco Energy (EGY), Earthstone Energy (ESTE), Crescent Point Energy (CPG), Marathon Oil (MRO) and Comstock Resources (CRK), each expecting over 200% growth this year.
As more traditional growth stocks fall out of favor on Wall Street, the chemical sector has become fertile ground for this list. Sociedad Quimica Y Minera (SQM), CF Industries (CF), Mosaic (MOS) and Nutrien (NTR) all make the cut.
Prepare To Profit When The Market Revives With This Custom Stock Screener
Top Funds Exit Growth Stocks, Fill Pipeline With Oil, Chemicals
The list of new buys by the best mutual funds, updated monthly, clearly shows the shift away from tech and other traditional growth stocks this year. Tech titans like NVDA stock, Apple (AAPL), Microsoft (MSFT) and Alphabet (GOOGL) — all longtime fixtures on the list — have fallen off this screen.
It’s no coincidence that the latest buys by top-performing money managers showcase many of the names on this screen that have triple-digit EPS growth estimates for this year.
On both lists you’ll find Comstock, Ovintiv (OVV), Diamondback Energy (FANG), Coterra Energy (CTRA), Pioneer Natural Resources (PXD) and others.
Within the chemicals sector, SQM stock, CF Industries and Mosaic have all transformed into growth stocks in the current environment. As a producer of lithium — vital to the electric-vehicle revolution — SQM has garnered attention, getting profiled in the IBD New America on May 27.
The Growth Stocks Of 2022
Created in MarketSmith, this stock screen highlights top growth stocks expecting a 109%-370% EPS increase in 2022 or their current fiscal year.
But as this bear market and the steep declines in leading tech stocks like Nvidia have shown, earnings growth is just one part of the equation for how to make money in stocks. The importance of learning how to manage risk has become painfully obvious for many investors.
So while you want to keep an eye on leading growth stocks and companies generating triple-digit EPS gains, be sure to pay close attention to the technical analysis in individual stock charts and the major market indexes.
Data as of July 1, 2022
| Company | Symbol | EPS Est Cur Yr % | Comp Rating | EPS Rating | RS Rating | SMR Rating |
|---|---|---|---|---|---|---|
| Sociedad Quimica y Minra | SQM | 370 | 99 | 84 | 98 | A |
| Civitas Resources Inc | CIVI | 367 | 97 | 82 | 82 | A |
| Vaalco Energy Inc | EGY | 281 | 99 | 97 | 99 | A |
| Earthstone Energy A | ESTE | 242 | 99 | 98 | 96 | A |
| Crescent Point Energy | CPG | 241 | 99 | 95 | 97 | A |
| Marathon Oil | MRO | 213 | 98 | 80 | 97 | A |
| Comstock Resources | CRK | 202 | 98 | 90 | 97 | A |
| C F Industries Holdings | CF | 192 | 99 | 99 | 97 | A |
| Stealthgas Inc. | GASS | 189 | 99 | 98 | 98 | D |
| ICL Group | ICL | 184 | 98 | 90 | 85 | A |
| Mosaic Co. | MOS | 181 | 98 | 81 | 94 | A |
| Nutrien | NTR | 172 | 97 | 99 | 91 | A |
| Matador Resources | MTDR | 164 | 99 | 99 | 94 | A |
| Avnet | AVT | 153 | 97 | 84 | 93 | C |
| Devon Energy Corp | DVN | 152 | 99 | 80 | 98 | A |
| ConocoPhillips | COP | 151 | 98 | 80 | 96 | A |
| Pioneer Natural Resource | PXD | 149 | 99 | 99 | 95 | A |
| Ovintiv | OVV | 128 | 95 | 81 | 95 | A |
| Diamondback Energy | FANG | 126 | 99 | 94 | 93 | A |
| Photronics | PLAB | 126 | 99 | 99 | 97 | C |
| Coterra Energy | CTRA | 112 | 98 | 98 | 96 | A |
| Daqo New Energy | DQ | 111 | 99 | 98 | 99 | A |
| Griffon Corp. | GFF | 109 | 98 | 94 | 97 | C |
Follow Matthew Galgani on Twitter at @IBD_MGalgani.
YOU MIGHT ALSO LIKE:
Forget Tech Titans Like Apple, Nvidia — Top Funds Bet On These Stocks
Warren Buffett Stocks: META, GOOGL Among 25 Names On This Screen
Navigate Both Bull And Bear Markets With This 3-Step Routine
Identify Bases And Buy Points With This Pattern Recognition Tool
[ad_2]
Source link
