Buy These 3 Monster Growth Stocks Before It’s Too Late

US GDP saw a steady decline in the second quarter amid skyrocketing inflation and consistent rate hikes. However, investors seem to have brushed off fears of a recession, which has fueled a rally in US stocks. Thus, we think the quality enhancement stock, Core Molding (CMT), Civio (CVEO), and Genuine Parts (GPC), may be worth buying now. continue reading…. – Stocknews

The Fed on Wednesday announced an increase of another 75 bps to beat decades of high inflation. In addition, US GDP 0.9% drop in the second quarter, marking the second straight quarter of decline.

“We are not in a recession, but it is clear that the economy is slowing down,” said Mark Zandi, chief economist at Moody’s Analytics. However, it seems investors are brushing off bearish concerns. Despite the latest GDP contraction, stocks were up in the last trading session, As investors bet the economic downturn will soon hit the Fed With his aggressive stance.

Despite volatile conditions, fundamentally strong growth stocks are attracting significant investor attention and outperforming the broader market, as evidenced by the SPDR Portfolio S&P 500 Growth ETF.Spizy9.4% gain in the past month versus the SPDR S&P 500 Trust ETF (Detective) 6.7% profit.

Against this background, investors in Monster Growth Stocks, Core Molding Technologies, Inc. Can consider buying. ,CMT), Civio Corporation (CVEO), and Genuine Parts Company (GPC), before it’s too late.

Core Molding Technologies, Inc. ,CMT,

CMT and its subsidiaries operate as molders of thermoplastic and thermoset structural products. It serves a variety of markets including medium and heavy duty trucks, automobiles, electric sports, construction, agriculture, construction products and other commercial markets in the United States, Mexico, Canada and internationally.

On May 10, 2022, Chief Financial Officer, John Zimmer, said, “We have made significant progress with raw material cost recovery and have covered most of inflation but further improvement is expected.”

“Looking ahead, customer demand remains strong, and the company is on track to launch a number of new programs during the remainder of 2022,” he added.

CMT’s total net sales for the first quarter ended March 31, 2022 increased 24.4% year-over-year to $90.59 million. Its net income was $3.86 million, up 11.8% year-over-year, while its EPS came in at $0.46. , up 12.2% year-on-year. In addition, its adjusted EBITDA Came in at $9.52 million, up 10.7% year-over-year.

CMT’s revenue has grown at a CAGR of 5.3% over the last three years, while its EBITDA has grown at a CAGR of 80% in the last three years.

For 2023, analysts expect CMT’s revenue to grow 4.9% year-over-year to $352.30 million. The stock has gained 20.6% year-over-year to close the last trading session at $10.26.

The strong fundamentals of CMT are reflected in its power rating, The stock has an overall A rating, indicating a strong buy in our proprietary rating system. PoWR Ratings assesses stocks based on 118 different factors, each with its own weighting.

CMT has an A grade for growth and value, and a B grade for sentiment and quality. within A-rated Industrial Production Industry, it ranks first among 42 stocks. Click Here To see additional POWR ratings for speed and stability for CMT.

Civio Corporation (CVEO,

CVEO provides hospitality services to the natural resource industry in Canada, Australia and the United States. It owns and operates 27 lodges and villages with approximately 28,000 rooms; and a raft of mobile housing properties. CVEO serves oil, mining, engineering and oil field and mining service companies.

On July 29, 2022, CVEO’s President and CEO, Bradley J. Dodson said, “We are excited about our recent integrated services contract award from a copper mining company in South Australia. This contract award is a testament to the growth of our integrated services and the diversification potential it has as a new client, Australia. contains a new state and a new object.”

CVEO’s revenue increased 20% year-over-year to $184.95 million for the second quarter ended June 30, 2022. Its net income was $9.08 million, compared to a loss of $467,000 in the year-ago period. In addition, its EPS came in at $0.54, compared to a loss of $0.03 per share in the prior-year period.

The revenue of CVEO has grown at a CAGR of 10.2 per cent over the last three years. Its EBITDA grew at a CAGR of 11.4 per cent during the same period.

Analysts expect CVEO revenue to grow 12.1% year-over-year to $666.45 million in 2022. Its EPS is projected to grow 1,450% year-over-year to $0.54 in 2022. The stock is up 48.8% year-over-year to close. Last trading session at $28.53.

CVEO’s overall A rating equates to a strong buy in our power rating system. It has an A grade for growth and sentiment and a B grade for value and quality. It ranks first among 43 stocks in B-rated Outsourcing – Professional Services industry. Click Here For additional rating for CVEO (Speed ​​and Stability).

Genuine Parts Company (GPC,

GPC distributes automotive replacement parts and industrial parts and materials. It operates through the Automotive Parts Group and Industrial Parts Group segments. GPC serves global customers from a network of over 10,000 locations in 17 countries.

On April 13, 2022, GPC announced Alliance Automotive Group, GPC’s wholly owned automotive distribution company based in London, UK, had acquired Lawson Group. With this acquisition, GPC aims to expand its business in European markets.

For the second quarter ended June 30, 2022, GPC net sales were $5.60 billion, up 17.1% year-over-year. Its adjusted net income rose 23.9% year-over-year to $313.09 million, while its EPS came in at $2.62, up 92.6% year-over-year.

GPC’s revenue has grown at a CAGR of 2.3% in the last three years. Its EPS has grown at a CAGR of 14.2 per cent in the last three years.

GPC revenue is expected to be $21.50 billion in 2022, representing an increase of 13.9% year-over-year. The company’s EPS is expected to grow 14.8% year-over-year to $7.93 in 2022. It exceeded EPS estimates in each of the four previous quarters. Over the past year, the stock has risen 18.7% to close the previous trading session at $149.61.

It’s no surprise that the GPC has an overall A rating, which equates to a strong buy in our proprietary POWR rating system. In addition, it has a B grade for growth, stability, sentiment and quality.

Ranked #2 out of 68 stocks in GPC B-Rated auto Parts industry. Click Here To see additional POWR ratings for GPC (Value and Momentum).

Shares of CMT remained unchanged in premarket trading on Friday. Year-over-year, the CMT has gained 20.56%, compared to a 13.87% increase in the benchmark S&P 500 index during the same period.

About the Author: Riddhima Chakraborty

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Riddhima is a financial journalist who has a passion for analyzing financial instruments. with Master’s Degree in EconomicsShe helps investors make informed investment decisions through her insightful comments.


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