Finding the fastest growing stocks to buy can be a chore, but the fastest growing companies screen in IBD MarketSmith identifies them quickly.
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The stock screen finds 150 growth stocks with earnings growth of 10% or more over the past two quarters, sorted by five-year earnings growth rate.
These five growth stocks fit the bill and, predictably, hold top-notch IBD earnings per share ratings of 98 or 99.
Fastest growing companies with proven growth
IBD Stock 50 Datadog (DDOG) is in a handle cup base with a buy point of 103.80.
The cloud security provider has posted quarterly earnings growth of 17% and 30% over the past two quarters and holds a five-year EPS growth rate of 128%. Analysts expect EPS growth of 20% this year and 25% next year.
WillScot Mobile Mini (WSC) builds the right side of a cup base with a buy point of 53.46. Shares jumped 5.9% after better-than-expected earnings and sales on April 26.
The modular storage unit provider reported impressive EPS growth of 112% in the first quarter after a 64% increase in the fourth quarter. Its five-year earnings growth rate is 90%. Analysts predict earnings growth of 59% this year and 23% in 2024.
Flat Base Coke Bottle
Consolidated Coca-Cola (COKE), the nation’s largest coke bottler, is in a flat base with a buy point of 694.20.
The base started when the stock jumped 11.3% in volume after the company’s first quarter results on May 3.
Quarterly EPS rose 93%, following a 101% jump in the prior quarter. COKE has an 88% five-year profit growth rate.
Manufacturer of protective films and coatings XPEL (XPEL) sits within the 5% buy zone of a handle cup base with an entry of 75.32.
XPEL posted EPS gains of 46% and 36% over the last two quarters. The stock has an EPS growth rate of 60% over five years.
Lattice Semiconductor (LSCC) jumped more than 12% on Monday and Tuesday as chip stocks strengthened and Susquehanna reiterated a positive note with a price target of 100 on LSCC.
The shares are in a cup basis near an entry of 96.82. Lattice beat first-quarter earnings and sales with EPS growth of 38%, following a 53% gain in the fourth quarter. Lattice has a five-year EPS growth rate of 57%.
Follow Kimberley Koenig for more stock market news on Twitter @IBD_KKoenig.
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