Do you think Amazon.com (NASDAQ:AMZN) is a growth machine like no other, one of the best stocks to buy? It’s a beast to be sure, with the most recently reported quarterly top line up a healthy 22% … a pace that’s pretty much been the norm for a while now. Profits are growing nicely as well, as its AWS (Amazon Web Services) division — the company’s fastest-growing segment — produces high-margin revenue.
Amazon.com certainly isn’t the only growth name worth owning, however. There are several other stocks that you should buy with even better sales growth, better earnings growth or both. It’s just a matter of going out there and finding them.
Just to help you move down that path a little faster, here’s a closer look at the best stocks to buy if you’re looking for a little more kick (or a little more value) than Amazon can offer.
Some are familiar, while some aren’t. But all of these stocks to buy merit consideration.
Exelixis (EXEL)
Biotech stocks are a tricky bunch to bother with, and Exelixis, Inc. (NASDAQ:EXEL) is no exception. It’s arguably worth the trouble, though.
Exelixis has been bearing revenue for several years, but it didn’t fan its revenue flames in earnest until the middle of 2016. That’s when its renal cell carcinoma (kidney cancer) drug Cabometyx was approved.
EXEL is not one of those stocks to buy for traders that can’t stomach volatility — shares tumbled more than 40% since the start of 2018.
Stocks to Buy for Breakneck Growth: Yelp (YELP)
Calling a spade a spade, online review and rating site/directory Yelp Inc (NYSE:YELP) hasn’t been a stock to buy since early 2014. That’s when it peaked, and even with a 170%-plus rally off of its early 2016 lows, YELP shares are still down roughly 50% from their peak price hit in 2014.
And yet, there it is. Yelp mustered a 30% improvement in last year’s top line and — oh yeah — swung to a profit three quarters ago. That profit has been widening ever since. Analysts are looking for similar growth going forward, projecting next year’s profit per share to ramp up from this year’s 8 cents to 37 cents.
Looks like the once-questionable premise is a viable business model after all.
Stocks to Buy for Breakneck Growth: Tableau Software (DATA)
Just for the record, Tableau Software Inc (NYSE:DATA) isn’t growing quite as quickly as Amazon.com is. DATA still is one of a handful of hot growth stocks to buy, however, because the pace of its bottom-line growth is leaving Amazon’s profit growth in the dust.
The name might ring a bell. Tableau Software has been rumored to be a buyout candidate off and on for some time now, with the most recent big suitor pegged as none other than Salesforce.com, Inc. (NYSE:CRM).
No such deal has been consummated yet, but it’s not tough to see why a potential buyer would be interested in the data-analytics outfit. The next five years look promising for DATA stock — earnings are expected to grow at an annual rate of 85.8%. You could do a lot worse.
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Source: Investor Place