Consider Adding These 3 Top Growth Stocks To Your Portfolio

Growth stocks from the technology space gained galloping momentum last year spurred by individuals’ and businesses’ dependence on digital platforms to stay connected amid pandemic lockdown conditions. And though the current economic recovery is driving a sell-off of stocks that were “pandemic winners” as investors shift to value stocks, we believe budding non-technology growth stocks Camping World (CWH), Dillard’s (DDS), and Olympic Steel (ZEUS) have the potential to outperform broader markets in the near term. 

Technology industry growth stocks have experienced a powerful rally over the past year. However, most of the stocks that benefited from the pandemic’s disruptions have been witnessing selling off lately.

The slowly building economic recovery is motivating investors to rotate away from the pricey “pandemic winners” into  undervalued cyclical stocks. But economic the recovery is also leading to the emergence of a new set of stocks that are equipped to grow in the post-pandemic world.

Budding stocks, such as Camping World Holdings, Inc. (CWH - Get Rating), Dillard’s, Inc. (DDS - Get Rating), and Olympic Steel, Inc. (ZEUS - Get Rating), possess solid growth attributes and have the potential to deliver solid returns in the near-term. Because their industries are gradually returning to their pre-pandemic operational levels, we think these stocks have the potential to capitalize on the recovery.

Camping World Holdings, Inc. (CWH - Get Rating)

CWH is a recreational vehicle (RV) and outdoor retailer. The company operates through two segments—Good Sam Services and Plans, and RV and Outdoor Retail. In addition to offering outdoor and active sports products, it provides RV maintenance and repair services, emergency roadside assistance plans, and property and casualty insurance programs. CWH serves customers through dealerships, and online and e-commerce platforms.

On April 1,CWH acquired approximately nine acres of land off Interstate 80 in Cheyenne, Wyo., to build its  first SuperCenter facility in the state. Set to open in late 2021/early 2022, the SuperCenter will include a wide range of new and used RVs from top manufacturers in addition to a full assortment of RV and outdoor products and accessories and other product portfolios.

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