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3 Stocks with Monster Earnings Potential -Breaking

by Mike Robinson

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© Reuters. 3 stocks with potential for monster earnings

Markets have reached new heights due to strong earnings growth in the past year and a recovering economy. Although this market is not expected to see continued high growth, it does indicate that there are great stocks with huge growth potential. These stocks include buy-rated ones such as Westlake Chemical Corporation (NYSE;), ArcelorMittal(NYSE:), and Sanderson Farms , Inc. According to Factset data through November 19th, the third quarter blended earnings growth rate for the S&P 500 is 39.6%, which would mark the third-highest year-over-year rate since 2010.

It was achieved after the second quarter’s record 90.9% and first quarter’s 50.3% rates of growth. The growth rate is likely to increase, but at lower rates. Because of the unusual circumstances surrounding the pandemic, much of the year’s growth is due to how it fell the year before.

We have now entered an era where the market leader will be determined by demand from new companies, particularly those that thrive in a rapidly growing economy. Investors must continue to look for companies that have a strong five-year forecasted growth rate if they want to find companies with high growth potential. Three companies that fall within this category are Westlake Chemical Corporation, ArcelorMittal, and Sanderson Farms, Inc.

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