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3 Hyper Growth Stocks That Could Soar This Quarter

Stock Markets Oct 19, 2021 01:00PM ET
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© Reuters. 3 Hyper Growth Stocks That Could Soar This Quarter
 
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Notwithstanding investors’ concerns over the pace of economic recovery, which are due primarily to high inflation, growth stocks have been attracting increasing investor attention on the continuation of near-zero interest rates. LyondellBasell (LYB), Texas Roadhouse (NASDAQ:TXRH), and Herc Holdings (NYSE:HRI) are names that possess solid growth attributes. Their earnings are expected to grow significantly this quarter and beyond. So, we think it could be wise to scoop up these stocks now. Let’s give these companies a closer examination.Even though the market remains volatile as supply chain disruptions and rising oil prices further exacerbate the inflationary environment, growth stocks have been witnessing continued investor attention. This is evidenced by the SPDR Portfolio S&P 500 Growth ETF’s (SPYG) 11.3% returns over the past three months compared to the SPDR Portfolio S&P 500 Value ETF (SPYV) and the SPDR S&P 500 Trust ETF’s (SPY) 3.7% and 7.6% gains, respectively.

While the Federal Reserve recently indicated its willingness to reduce asset purchases before year’s end, benchmark interest rates have been kept near zero for now. And a low-interest-rate environment should keep supporting the business growth of several companies.

Moreover, analysts expect third-quarter corporate earnings to be strong. According to FactSet, 41 S&P 500 companies have reported third-quarter results so far, with 80% of them topping EPS expectations. And shares of companies reporting earnings growth should soar in the near term.

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3 Hyper Growth Stocks That Could Soar This Quarter
 

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