The words growth stocks have different meanings to different people. More often than not, when people are talking about so-called growth stocks, they are actually talking about speculations. These are companies that are expected to grow over time, however, they are also stocks that the market has significantly overvalued. In other words, people are paying for tomorrow’s growth today.
In contrast, this video looks at true growth stocks at a reasonable price (GARP). These are stocks that have proven historical records of growth, as well as double-digit forecast growth that can be purchased at a sensible valuation. I offer these 10 GARP stocks as candidates for further research and due diligence: Air Lease (AL), Ally Financial (ALLY), Affiliated Managers (AMG), Alibaba (BABA), BorgWarner (BWA), CACI International (CACI), Installed Building (IBP), Lennar (LEN), NVR Inc (NVR), Patrick Industries (PATK)
Disclosure: Long AMG, BWA, NVR at the time of writing.
Disclaimer: The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.
