2 Supercharged Growth Stocks To Buy Right Now

Shares of SID have gained 263.3% over the past year and 61.5% over the past six months.

It is no surprise that SID has an overall A rating, which equates to Strong Buy in our proprietary POWR Ratings system. The POWR Ratings are calculated considering 118 different factors, with each factor weighted to an optimal degree.

The stock also has an A grade for Growth, Sentiment, Momentum, and Quality. Among the 35 stocks in the A-rated Steel industry, SID is ranked #4.

Matson, Inc. (MATX - Get Rating)

MATX provides ocean transportation and logistics services. Its Ocean Transportation business is conducted through its subsidiary, Matson Navigation Company, Inc. (MatNav). MAATX is based in Honolulu, Hawaii.

On June 24, MATX declared a $0.30 quarterly dividend  per common share to be paid on September 2. This represents  a 30.4%  increase  over the prior dividend.

MATX’s EBITDA increased at a 28.5% CAGR  over the past three years, while its EBIT increased at a 41.4% CAGR over the period. In addition, its tangible book value improved at a 55.4% CAGR over the past three years.

MATX’s total operating revenue increased 66.9% year-over-year to $874.90 million in its  fiscal second quarter, ended June 30. Its operating income came in at $213.90 million, indicating a 317.8% rise from the same period last year. Its net income increased 395.4% from its  year-ago value to $162.50 million. The company’s EPS increased 388.2% year-over-year to $3.71.

A $783.28 million consensus revenue estimate for its  fiscal second quarter ending September 2021 indicates a 21.6% increase year-over-year. The Street expects the company’s EPS to rise 64.4% from the prior year quarter to $2.68 in the current quarter. In addition, it surpassed the consensus EPS estimates in each of the trailing four quarters.

MATX gained 85.9% over the past year to close yesterday’s trading session at $67.12. The stock has gained 17.8% year-to-date.

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