Wall Street Set To Close The Year Higher: 5 Top Growth Picks

Meanwhile, the historical performance of the stock market can be seen as another reason behind the optimism. The market has generally performed well at year-end, with the S&P 500 gaining 1.5% on average in December, since World War II, as mentioned in a CNBC article. Notably, the index has gained 12.4% year to date, making it well poised to end the year on a high.

5 Growth Stocks to Buy

The U.S. stock market seems poised to end the year on a positive note fueled by encouraging vaccine news and the expected appointment of Janet Yellen as Treasury Secretary. Hence, it will be a good time now to invest in growth stocks that have the potential to make the most of this uptrend. Our research shows that stocks with a Growth Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy), offer the best opportunities in the growth investing space. 

Beazer Homes USA, Inc. (BZH Quick Quote BZH - Free Report) designs, constructs, and sells single-family and multi-family homes in the United States. The company currently has a Zacks Rank #1 and Growth Score of A. The Zacks Consensus Estimate of its current-year earnings increased 20.6% over the past 60 days. The company’s expected earnings growth rate for the current year is 2.1%.

Aviat Networks, Inc. (AVNW Quick Quote AVNW - Free Report) designs, manufactures and sells wireless networking products, solutions, and services in the United States. The company currently has a Zacks Rank #1 and a Growth Score of A. The Zacks Consensus Estimate for its current-year earnings increased 18% over the past 60 days. The company’s expected earnings growth rate for the current year is 95.4%.

Axcelis Technologies, Inc. (ACLS Quick Quote ACLS - Free Report) designs, manufactures, and services ion implantation and other processing equipment, which is used in the fabrication of semiconductor chips in the United States. The company currently has a Zacks Rank #1 and a Growth Score of B. The Zacks Consensus Estimate for its current-year earnings increased 6.8% over the past 60 days. The company’s expected earnings growth rate for the current year is more than 100%.

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