3 Growth Stocks Topping the FTSE 100
Growth stocks allow you to pad your portfolio, and as the companies that are considered “growth” stocks are facing increasing sales growth, these are highly sought stocks. The FTSE 100 has three stocks that fit this mold:
1. CRH (LSE: CRH)
CRH isn’t scheduled to release their first half of the year report until the end of August, but the company has hinted that earnings will be higher than expected. The company expects to outpace earnings by €100 million, up nearly 10% from previous forecasts to €1.1 billion in the first half of the year.
The company has seen its stock price jump 30% since February. Analysts also peg the company’s full year profits to jump 72% this year. Profits for 2017 are slated to increase by 19%.
2. Shire (LSE: SHP)
Shire has had a good week after releasing their interim results for the six-month period ended June. The company boasted a 57% increase in sales and has raised its full-year guidance following strong second quarter results.
The company acquired Baxalta, a US-based company for $32 billion. The acquisition is expected to provide synergies of $700 million after three years.
Analysts suggest that the company’s underlying earnings may jump 86%, with a 19% uptick in 2017.
The company’s strong growth has allowed it to increase its market share in the competitive pharmaceuticals sector.
3. Babcock International (LSE: BAB)
Babcock International is an engineering support services company that still maintains long-term fundamentals despite Brexit. The company is confident they’ll be able to maintain growth for the long-term.
The company has 85% of its projected revenue in place for 2017, and 56% in place for 2018.
Babcock stock is trading at 969p and is up 6.6% in the trailing 30-day period. The company posted a 10% rise in full year profits in May, signaling a bright outlook for the company. Peter Rogers, chief executive, will step down in August after being CEO for 13 years.
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