The list below was created using the “Fastest Growing Companies — Top 150” screen in MarketSmith, which was then narrowed down to stocks with a 90 or better Composite Rating, an average daily dollar trading volume of at least $8 million and a C- or higher Accumulation/Distribution Rating.
*5y EPS% = 5-Year Annual EPS Growth Rate
*A 99 Composite Rating means the company’s overall strength puts it in the top 1% of all stocks
I happen to own 7 of them. A couple have been on this board.
FYI, I really like VEEV as a cloud play consolidating services in the medical industry and expanding its portfolio. I think I have posted on it here a couple times. Worth digging into.
Veev is simply an awesome company. It came from nowhere and totally disrupted a mature and conservative industry in just a matter of a few years.
The risk for Veev is that growth is going to slow down. They have gobbled up so much marketshare, so quickly. Growth is likely to be in the 20-35% range going forward and the shares are valued (from traditional analysis) much higher than that.
Nevertheless, the CAP for Veev appears to be very strong. Large switching costs, large barriers to entry to build out what Veev has already built. That justifies a large premium.
The key for Veev is if it can find other market verticals to grow into. Veev is in the early stages of this happening, and doing so in the usual Veev way of not being in a hurry, testing things out, and then pounding open the doors with a few opinion leaders in the new industry as gate openers.
Glad to see one of my favs, ESNT on the list. They’ve been on a bit of a roller coaster with the PMI fee restriction give and take. It will be interesting to see if they have maintained the growth when they report on Feb. 10th.
Surprised to see Dave and Busters on that list. I remember going
They seem to have remade themselves and have been growing well. I was quite surprised too when it hit my IBD watch list, but I am often wrong with my “feelings” and decided to buy it on the breakout recently. Up 15% since. Lucky.