5 Top Multibagger Stocks To Buy In 2018

5 Multibaggers to Watch Out For in 2018

The Republican tax-cut plan, recently signed into law by Trump, uptick in minimum wage, consumers planning to make big-ticket purchases and a strengthening economy call for investing in multibaggers. These stocks will cash in on such positive developments and give returns that are several times their cost. We have, thus, selected five such stocks that flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy).

Madrigal Pharmaceuticals, Inc. (MDGL - Free Report), a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapeutic candidates for the treatment of cardiovascular, metabolic, and liver diseases. The company has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings rose more than 100% in the last 60 days.

Madrigal Pharmaceuticals has yielded a return of more than 100% in 2017. Moreover, its expected growth rate for the current year is 49.3%, better than the industry’s expected gain of 7.9%.

Boot Barn Holdings, Inc. (BOOT - Free Report) — a Zacks Rank #2 company — is a lifestyle retail chain which operates specialty retail stores in the United States. The Zacks Consensus Estimate for its current-year earnings advanced 3.4% over the last 60 days.

Boot Barn yielded a return 32.3% last year. The stock is expected to grow at a rate of 10.6% in the current year, in contrast to the industry’s projected decline of 3.3%.

Famous Dave's of America, Inc. (DAVE - Free Report) develops, owns, operates, and franchises restaurants under the Famous Daves name. The company sports a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings rose more than 100% in the last 60 days.

Famous Dave's of America gave a return 32.3% in 2017. Also, its expected growth rate for the current year is more than 100%, in contrast to the industry’s projected decline of 0.3%.

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any ...

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