As 2018 comes to a close, many investors will be glad to bid farewell to December by toasting to health, wealth, and to a brighter future in 2019. With December on track to be one of the worst months the market has seen in recent history, investors will need every tool in their toolbox to find stocks that are set up for success in the future.
Many investors rely exclusively on technical data, while others rely on fundamental research. With the possibility of slowing economic growth, interest rate increases and ongoing trade talks dominating news headlines, as well as many stock charts looking like a cascading waterfalls of red, it can feel like a coin flip on which direction a stock may take. One of the major advantages to using the Stock Score Report screener is that it combines both technical and fundamental data, helping to point investors to stocks that have the most upside potential.
This week, we will be looking at 5 of the top scoring stocks in the last week of 2018 and toasting to prosperity in 2019.
DMC Global Inc. (BOOM)
Dynamic Materials Corporation is a metalworking business that serves the energy, industrial, and infrastructure markets. BOOM gets an average analyst recommendation of ‘Strong Buy’, with an overall score of 95. With a very high fundamental score of 99, the median target price set by analysts is $55.00, which is 61% above the stock’s current price of $34.10. BOOM has seen growth of 24.34% per annum in the past 5 years and is expected to rise another 20% in the next 5 years. DMC Global reported quarterly earnings on October 25th with beats on both the top and bottom line.
QuinStreet, Inc. (QNST)
QuinStreet is an internet performance marketing company, and has shown up at the top of the Stock Score Report screener for over a month. The company saw an earnings per share growth rate of 75% and revenue growth rate of 8.9% in the previous quarter, with growth rate estimates of 112% over the next 5 years. QuinStreet has consistently posted earnings beats since late 2017, and currently has an overall score of 97, with a median target price of $18.55 among 6 Wall Street analysts. QNST scores very high in both short- and long-term technicals and holds a fundamental score of 93.
IAC is an internet media company that owns and operates the HomeAdvisor digital marketplace, as well as The Match Group, which provides subscription dating services, and several other segments including video, applications, and publishing. IAC gets an overall score of 94 and has an average analyst recommendation of ‘Strong Buy’. The median target price set by Wall Street analysts is $234.60, and the stock is currently trading at $178.08. The stock scores highly in both short- and long-term technical and holds a fundamental score of 91. IAC posted earnings beats on both the top and bottom line on November 7th and has an estimated earnings date of February 6th, 2019. IAC has seen growth of over 14% in the past 5 years and is expected to see a rise of 21% in the next 5 years.
Euronet Worldwide (EEFT)
Euronet Worldwide provides electronic payment and transaction processing via ATM machines, credit and debit services, and other electronic financial mediums. EEFT last reported on November 7th, surpassing consensus expectations on both earnings per share and revenue. Euronet Worldwide shows growth estimates of over 15% in the next 5 years and currently holds an overall score of 93. EEFT is currently trading at $98.91, with a median target price of $139.28 and a fundamental score of 94. The stock gets a score of 93 in both short- and long-term technical with an average analyst recommendation of ‘Strong Buy’.
HDFC Bank Ltd (HDB)
HDFC Bank provides banking and financial services in India, Hong Kong, and Dubai, and is one of India’s largest non-government-owned banks. HDB has risen over 19% since its lows in early October and is one of the few stocks that has continued to rise while the rest of the market has been under extreme pressure. HDB gets an overall score of 93, and a score of 93 in both long-term technical and fundamentals. The stock has a median price of $126.00, which is 24% above the stocks current trading price of $101.65.