As I’m putting this all together, I realize that I revisited growth stocks to put together new recommendations for my beloved readers as recently as early May. I’ve had more than 100 stocklists published, and I obviously can’t invent publicly-listed info. So, it’s common for me to return to a sector, but it’s always because the research indicates good timing. Timing can be a deciding factor in the process. While thinking of it, remember that a term like “growth stocks” is more like a designation than a sector, while a good example of a market sector could be something like Technology or Utilities.
According to trusted economists, the first half of 2022’s broad market drop has offered appealing entry possibilities, particularly into growth stocks. The current environment stresses the significance of resilience, giving us great confidence and a sense of trust sometimes felt on a genuine gut level. Emphasizing diversity is helpful too. For instance, these picks come from different areas of the market, each with a unique set of strengths that, in tandem with proper timing, could make your portfolio shine.
After a look at many “growth stocks,” I settled on some favorites, and I even managed to make sure the experts agreed; these buy-rated tickers would be excellent additions to any portfolio:
VICI Properties Inc (VICI)
VICI Properties (VICI) is a highly experienced REIT (real estate investment trust) with one of the most significant portfolios of high-end gaming, hotel, and entertainment venues worldwide, including the famous Caesars Palace. VICI’s vast and geographically varied portfolio includes 43 gaming institutions, 58,700 hotel rooms, and more than 450 dining establishments, pubs, nightclubs, and sportsbooks. VICI’s objective is to build what would unmistakenly be the nation’s most lucrative, high-quality real estate portfolio. VICI was established on July 5th, 2016, and is based in New York, NY.
Despite VICI’s EPS misses, an olive branch rests in the fond memory of 2021’s 2nd fiscal quarter when it did, in fact, beat EPS projections as well, by 12.70%. VICI generated $2.58 billion in annualized rent as of May 30th. VICI is poised to be one of the best growth stocks for the remainder of 2022. VICI has a median price target of 35.00, with a high of 46.00 and a low of 31.00 among analysts providing annual price estimates. The forecast reflects a 17.45% price increase, and VICI’s stock comes with a no-brainer buy rating. VICI has a dividend yield of 4.83%, paying out 36 cents per share quarterly.
Pioneer Natural Resources Co (PXD)
Pioneer Natural Resources Co (PXD) specializes in the discovery of hydrocarbons. PXD has the most acreage in the Cline Shale (also where it operates), which is a portion of the Spraberry Trend of the Permian Basin. On the Fortune 500, PXD comes in at #428 on the list. PXD has proven reserves of 2.22 billion barrels of oil equivalent as of December 31st, 2021, of which 44% were petroleum, 30% were natural gas liquids, and 16% were natural gas. A total of 617,000 barrels of oil equivalent were produced daily by the corporation. Scott Douglas Sheffield established the business on April 2nd, 1997.
Until reporting again, PXD shows current-quarter performance adding up to $6.4 billion in sales, with an EPS of $8.57 per share. Its year-over-year growth figures are large to the point of absurdity. But that’s okay with us! The median price goal from analysts that provide yearly price projections for PXD is 300, with a high of 422 and a low of 260. The consensus projection implies a 34.45% rise over current pricing, and PXD’s solid buy rating should be no surprise. If though, by chance: The current dividend yield for PXD is 7.56%, with a quarterly shareholder payout of $4.22 per share – yup, four dollars and twenty-two cents per share.
CrowdStrike Holdings Inc (CRWD)
Finally, we arrive at CrowdStrike Holdings Inc (CRWD). CRWD is a cybersecurity technology business headquartered in Austin, Texas. CRWD’s services include cloud traffic maintenance, endpoint protection, malware detection, and an ability that should probably not be taken for granted in the world we live in today: the ability to swiftly respond to cyberattacks. CRWD has been involved in the investigations of several large-scale communications intrusions, such as the 2014 Sony Pictures breach, the 2015-16 Democratic National Committee cyber threats, and the 2016 DNC email dump.
What set CRWD apart and made it a remarkable success to me is pretty simple: CRWD is a ferocious killer of earnings projections. It bested analysts’ forecasts for the last four consecutive quarters, most recently boasting a slammer and beating EPS and revenue forecasts by 33.17% and 4.87%, respectively. CRWD has a consensus price target of 225.00, with a high of 385.00 and a low of 188.00 among analysts providing 12-month price projections. The median forecast is a 33.44% jump from its last price, and CRWD comes with a buy rating that is nearly uncontested.
I hope this attempt at a graceful exit finds you well. It’s been an absolute pleasure not only to discover these offerings; it’s also a thrill, at least for a dork like me, to share them with such lovely friends as yourselves. Times are somewhat tough right now, and so I invite you all to join me in celebrating our good fortune. Let’s continue to embrace each challenge as another opportunity for us humans to grow right along with the growth stocks.
