As we’re exhaustingly aware, the Fed has continued to actively increase rates, which has made market activity difficult thus far in 2022. Let’s not forget that the New York Stock Exchange and Nasdaq still have hundreds of stocks available for trade. But if you want to make huge returns, you need to identify some excellent stocks right now. That’s where I’m going to offer a helping hand.
When we can, we should invest in stocks that show profit growth of at least 25%. Let’s also look for innovative, ground-breaking firms with innovative products that excite the marketplace. Strong institutional backing, supply and demand stability, and significance in its industry are all factors to consider. This strategy has been known to outperform the S&P 500 and has been crucial in boosting portfolio strength. Through my research, I’ve picked three buy-rated stocks that are set up to treat investors quite well.
With that said, let’s have a look at the three stocks I settled on due to their financial track records and analyst sentiment – which is that these tickers make for innovative portfolio picks:
STAAR Surgical Co (STAA)
STAAR Surgical Co (STAA) develops, manufactures, produces, markets, and sells implantable contact lenses for the eye and delivery systems used to deliver said lenses into the eye. STAA focuses on refractive and cataract surgery. STAA has a unique business relationship with China, where it serves clients who are surgeons and successfully sells contacts. STAA also sells intraocular lenses and implantable Collamer lenses. STAA was founded in 1982 and is headquartered in Lake Forest, California.
STAA, already with over a thousand surgeon clients served in the country, anticipates capturing 25% of the Chinese market by year’s end. Analysts shouldn’t bet against this because they’ve been wrong about STAA on their last two consecutive earnings reports: Thus far in fiscal 2022, Q2 shows STAA exceeding EPS projections by 80.37% and revenue by 1.23%. In Q1, STAA beat by 93.33% and 4.44%, respectively. STAA shows decent year-over-year numbers: Revenue — 30.04%; Net Income — 52.19%; EPS — 52.94; Net Profit Margin — 17.03%. The median price target for STAA is currently 103.00, with a high of 125.00 and a low of 86.00, according to analysts that provide yearly price estimates. The target is a 10.07% increase from the last stock price, and STAA gets a highly conceded buy rating.
Arista Networks Inc (ANET)
Arista Networks, Inc (ANET) is a company that develops, markets, and sells cloud networking solutions for various clients. Extensible Operating System (EOS), a suite of network applications, Ethernet switching, and routing platforms, comprise ANET’s cloud networking solutions. David Cheriton, Andreas Bechtolsheim, and Kenneth Duda founded ANET in October 2004, headquartered in Santa Clara, California.
On August 1st, ANET reported second-quarter earnings and sales that exceeded expectations. EPS at ANET increased 59% year-over-year to $1.08 per share, above projections of 92 cents per share. Furthermore, sales increased 49% to $1.05 billion, exceeding the $1 billion mark for the first time. For the third consecutive quarter, both EPS and sales growth quickened. In this last quarter, ANET beat EPS and revenue forecasts by 17.24% and 7.39%, respectively. It’s forecasted that until reporting again in November, ANET is working with $1.1 billion in sales, at an EPS of $1.04 per share. ANET shows year-over-year growth numbers that are all high in the key areas you want to look for – without me typing them out. I’ll just say that they’re similar in value. ANET has an estimated price target of 103.00, with a high of 125.00 and a low of 86.00. The target number represents a 10.07% increase from the stock’s most recent price, and there are several clear reasons why ANET gets its unhesitant buy rating.
Enphase Energy Inc (ENPH)
Enphase Energy, Inc (ENPH) creates, manufactures, and sells microinverter systems for the solar energy sector. IQ 7 Microinverter Series, IQ Microinverter, Microinverter Accessories, IQ Envoy, IQ Battery, Accessories, IQ Envoy Accessories, and Enlighten & Apps are some prime examples of ENPH’s goods. In case you weren’t sure – like I admittedly wasn’t – microinverters are attached to the back of each solar panel and optimize the output of each panel independently of the production of any nearby panel, making them ideal for use in partially shaded solar arrays. Raghuveer R. Belur and Martin Fornage formed ENPH in March 2006, headquartered in Fremont, California.
ENPH is a well-regarded investment by economists, and it’s not hard to see the appeal. ENPH also develops software for monitoring energy production and battery systems, mostly in service to the residential sector. EPS reached $2.41 in 2021, up 76% from 2020, and the experts antici[pate sustained improvement in ENPH’s bottom line. According to analysts, EPS is expected to rise 70% this year to $4.09 per share. ENPH reported a 109% growth in EPS to $1.11 per share in the second quarter. Revenue increased by 68% to $530 million. It’s expected that third-quarter sales should be somewhere in the ballpark of $590 to $630 million range. Experts forecast annual growth for EPS to come in at 69.75%, while sales during the same period are 63.28%. ENPH has a consensus estimate price target of 293.00 from the analysts that give annual estimates, with a high of 363.00 and a low of 192.00. With the weight of ENPH’s buy rating, there isn’t much more validation that I can personally give it.
Read Next – Beware the morning of September 23, 2022….
If it feels like you’re working harder than ever, saving more… AND GETTING LESS.
If it feels like no matter how well your investments do, you’re falling further and further behind…
I’ve got some news for you…
Trust your instincts.
You’re absolutely right.
Which is why I’m urging all Americans to get ready for Friday, September 23rd.
Most Americans don’t know the REAL REASON things have gotten so warped in America…
They don’t know why the system is working great for a select few…
But is a complete disaster for everyone else.
Most don’t know how this Friday, September 23rd could be a major turning point for your financial future.
I’m in a unique position to know why…
Hi, my name is Louis Navellier.
42 years ago I was a federal banking regulator.
I saw from the inside how the government corrupted the value of our money…
I saw how it destroyed the little guy… and made the rich richer.
I learned why my blue-collar parents worked so hard in the 1970s, but never got ahead.
So I did what any self-respecting, hardworking American would do…
I quit.
With some saved-up cash—and an idea about how the markets really worked…
I started my own investment firm.
Over time, my beliefs about money, hard work, and fiscal responsibility — which my father instilled in me from a young age — were proven correct.
Today, my firm, Navellier & Associates, manages over $2 billion in assets. Some 200 pension and institutional money managers have entrusted us with their money.
Look…
I definitely DO NOT believe America’s best days are behind us.
That said… as a family man who’s spent more than 40 years at the apex of Wall Street…
I definitely DO believe you are 100% responsible for understanding the incredible force creating the large and expanding chasm between the Haves and the Have Nots…
Most Americans are completely unprepared for a new financial event about to make it even worse.
I definitely believe you are 100% responsible for protecting your own family and taking a few simple preparations, especially when they are so cheap and easy to do…
The first step you need to take is mark your calendar for this Friday, September 23rd.
Everything you need to know is in my new video, linked below, free for public view.
