Fastest-Growing Companies: Zoom, Netflix, Amazon Among Stocks Expecting Up To 593% Growth In 2020 By Investors Business Daily
The coronavirus pandemic has shut down or disrupted economies all over the world. Yet, as the stock market rebounds, some of the fastest-growing companies, like Shopify (SHOP), Zoom Video (ZM), Netflix (NFLX), Amazon.com (AMZN), and ServiceNow (NOW), are still expecting big earnings growth in 2020.
Shopify and Zoom Video lead this list of the fastest-growing companies, with analysts EPS growth estimates for this year of 593% and 269%, respectively. The list also features Virtu Financial (VIRT) (467% estimated EPS growth for 2020) and Futu (FUTU) (341%).
Meanwhile, analysts also expect strong annual earnings growth from newer IPO stocks to watch such as Grocery Outlet (GO) (73%), Dynatrace (DT) (60%) and DocuSign (DOCU) (55%).
IBD Lists Highlight Fastest-Growing Companies
Many of these stocks to watch listed here are also on other IBD screens. Netflix, Zoom Video, Chegg (CHGG), Advanced Micro Devices (AMD) and Futu are also on the IBD 50. ServiceNow and AMD are also on the IBD Big Cap 20 along with Shopify.
Additionally, ServiceNow stock is on IBD Long-Term Leaders, while NFLX stock has also earned a spot on Sector Leaders. As highly rated newer IPOs, Zoom Video, DocuSign and Grocery Outlet have joined the IPO Leaders screen.
Video Commentary On August 17 2020 Fast Growing Companies to Watch & Invest In This Week
