These stocks has been growing fast and are ready “to set new record highs” analysts say:
- Trex Company (NYSE:TREX): The eco-friendly decking maker has seen its share increase 217% since the beginning of 2016. Even with incredible gains, Trex is still a growth stock. Last quarter its profits surged 47% on 19% sales growth, putting it on track for another year of double-digit sales and profit growth.
- Canada Goose Holdings (NYSE:GOOS): The luxury winter outerwear maker went public in 2017 and has seen its share price increase nearly 300%. By connecting directly with consumers, Canada Goose has been able to thrive in a rocky retail environment. Moving to build its own distribution (physical stores and e-commerce) has increased revenue and boosted margins, creating strong momentum.
- ConocoPhillips (NYSE:COP): The U.S. oil giant’s stock has rebounded from its 2016 low amid an oil-price crash. Over the past few years, though, the company re-positioned its business so that it could thrive on lower oil prices — giving it plenty of upside. The focus on expanding cash flow could increase shareholder value, even if prices remain volatile.
In Stock News reports.