The Smart Investor
    Facebook Instagram
    Monday, January 30
    Facebook Instagram LinkedIn
    The Smart Investor
    • Home
    • About
      • About Us
      • Careers
    • Smart Investing
      • Getting Started
      • Investing Strategy
      • Smart Analysis
      • Smart Reads
    • Special Free Reports!
    • As Featured on BT
    • Our Services
      • Our Services
      • Subscribe now!
    • Login
    • Cart
    The Smart Investor
    Home»Growth Stocks»3 Attractive US Growth Stocks That Can Power Your Portfolio
    Growth Stocks

    3 Attractive US Growth Stocks That Can Power Your Portfolio

    Here are another three stocks that can help your portfolio to scale new heights.
    Royston YangBy Royston YangNovember 18, 20215 Mins Read
    Facebook Twitter LinkedIn Email WhatsApp
    Rocket Thrusting Into Space
    Share
    Facebook Twitter LinkedIn Email WhatsApp

    Different investors naturally have different objectives when allocating their capital.

    Some may enjoy the comfort of dividend investing where the businesses they own pay out a steady, dependable dividend.

    Others may prefer to invest in companies that are growing at a steady pace.

    Yet others rely on the stability and certainty that blue chip businesses provide.

    However, if your purpose is to grow your portfolio to a sizable amount and beat inflation, then growth investing is the way to go.

    By selecting businesses that have growth catalysts that are in industries with long term tailwinds, your portfolio should experience steady capital appreciation.

    Over time, you will accumulate enough to enjoy a comfortable and secure retirement.

    Here are three US growth stocks you can consider for your investment watchlist.

    Zoom Video (NASDAQ: ZM)

    Anyone who has been telecommuting in the last 18 months has probably used Zoom’s video conferencing software before.

    The company provides a unified communications platform for individuals and corporations using a cloud-based software platform.

    Zoom was already enjoying steady growth before the pandemic but the outbreak saw demand for its services shoot up sharply.

    Back in the fiscal year ended 31 January 2017 (FY2017), revenue stood at US$60.8 million.

    Within just four years, revenue catapulted nearly 45-fold to US$2.65 billion.

    In the process, Zoom turned a net loss of US$14.4 million in FY2017 to a net profit of US$671.5 million for FY2021.

    The momentum has carried forward into the current fiscal year, with Zoom reporting a year on year doubling of revenue to US$1.98 billion for its fiscal 2022 first half (1H2022).

    Net profit soared by 155.8% year on year to US$544.3 million.

    The company is seeing its customer base expand.

    Customers with more than 10 employees grew by 36% year on year to 504,900 for its fiscal 2022 second quarter.

    CEO Eric Yuen has plans for further growth.

    In early 2022, he intends to launch a video engagement centre, a cloud-based contact centre solution, that will help to connect businesses with their customers.

    Meanwhile, a new service known as Zoom Events will cater to customers’ need to host virtual and hybrid events.

    Parker-Hannifin Corp (NYSE: PH)

    Parker-Hannifin, or PH, is a global leader in motion and control technologies.

    It manufactures components and parts for a wide variety of industries including aerospace, life sciences, industrial equipment manufacturing, and power generation.

    The company achieved stable sales over the last three fiscal years from FY2019 to FY2021 while its net profit climbed by 14.5% over the same period to US$1.7 billion.

    For its fiscal 2022 first quarter (1Q2022) ended 30 September 2021, however, saw records for sales and net profit.

    Sales increased by 17% year on year to US$3.76 billion while net profit surged by 41% year on year to US$451.2 million.

    Total orders for the group also increased by 26% year on year, reflecting continued strong demand for PH’s diverse range of products.

    The directors also declared a quarterly dividend of US$1.03 per share.

    PH has increased its annual dividends for 65 consecutive years and this dividend is the company’s 286th consecutive quarterly dividend.

    The company is also growing through acquisitions, with its US$8.8 billion acquisition of aerospace components firm Meggitt plc (LON: MGGT) receiving approvals from the latter’s shareholders.

    This transaction is expected to conclude by the third quarter of 2022.

    Raytheon Technologies Corp (NYSE: RTX)

    Moving on to another engineering company, Raytheon is one of the largest aerospace and defence manufacturers in the world.

    The company is advancing research on flight technology, building smarter defence systems, and exploring intelligent space technologies.

    From its fiscal year 2016 (FY2016) to FY2020, net sales nearly doubled from US$28.5 billion to US$56.6 billion.

    For the first nine months of 2021 (9M2021), net sales increased by nearly 18% year on year to US$47.3 billion.

    Net profit clocked in at US$3.2 billion for 9M2021. For 9M2020, PH reported a net loss due to goodwill impairment of close to US$3.2 billion.

    For the first nine months of the year, free cash flow was a healthy US$2.7 billion.

    Raytheon also declared a quarterly dividend of US$0.51 per share and has paid dividends on its shares since 1936.

    The company has also been active on the acquisitions front.

    In August, it acquired privately-held FlightAware, a digital aviation company providing global flight tracking solutions and predictive analytics.

    A month later, Raytheon signed an agreement to acquire SEAKR Engineering, a leading supplier of advanced space electronics.

    With the right mindset, getting a 10X, or even 180X stock is not out of your reach. In our latest report, we show you real-life case studies of how we consistently pick winners, so you can follow along and build a 10X portfolio for yourself. Click here to download it for free.

    Follow us on Facebook and Telegram for the latest investing news and analyses!

    Disclaimer: Royston Yang does not own shares in any of the companies mentioned.

    Yahoo
    Share. Facebook Twitter LinkedIn Email WhatsApp

    Related Posts

    Data Centre (Sunlight)

    5 Key Takeaways from Mapletree Industrial Trust’s Latest Business Update

    January 30, 2023
    Screen Showing Share Prices

    Get Smart: Why You Shouldn’t Focus on Share Prices Alone

    January 29, 2023

    Top Stock Market Highlights of the Week: Frasers Property Limited, Frasers Centrepoint Trust and China’s Reopening

    January 28, 2023
    Facebook Instagram LinkedIn Telegram
    • Careers
    • Disclaimer & Privacy Policy
    • Subscription Terms of Service
    © 2023 The Smart Investor. All Rights Reserved. The Smart Investor, thesmartinvestor.com.sg, an investment education website managed by The Investing Hustle Pte Ltd (Company Reg No. 201933459Z) is not licensed or otherwise regulated by the Monetary Authority of Singapore, and in particular, is not licensed or regulated to carry on business in providing any financial advisory service. Accordingly, any information provided on this site is meant purely for informational and investor educational purposes and should not be relied upon as financial advice. No information is presented with the intention to induce any reader to buy, sell, or hold a particular investment product or class of investment products. Rather, the information is presented for the purpose and intentions of educating readers on matters relating to financial literacy and investor education. Accordingly, any statement of opinion on this site is wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader. The Smart Investor does not recommend any particular course of action in relation to any investment product or class of investment products. Readers are encouraged to exercise their own judgment and have regard to their own personal needs and circumstances before making any investment decision, and not rely on any statement of opinion that may be found on this site.

    Type above and press Enter to search. Press Esc to cancel.