Looking to add potential meaningful upside to your portfolio, but unsure where to start? Stocks such as Standard Chartered and Greencore Group are considered to be high growth in terms of how much they’re expected to earn and return to shareholders, according to the market. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.
Standard Chartered PLC (LSE:STAN)
Standard Chartered PLC provides various banking products and services in Asia, Africa, and the Middle East. Formed in 1853, and now led by CEO William Winters, the company currently employs 87,101 people and with the company’s market cap sitting at GBP £24.74B, it falls under the large-cap stocks category.
Extreme optimism for STAN, as market analysts projected an outstanding earnings growth, which is expected to more than double, supported by a double-digit sales growth of 26.02%. An affirming signal is when net income increase also comes with top-line growth. Even though some cost-reduction initiatives may have also pushed up margins, in the case of STAN, it does not appear extreme. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 5.87%. STAN’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Should you add STAN to your portfolio? Have a browse through its key fundamentals here.
Greencore Group plc (LSE:GNC)
Greencore Group plc produces and sells various food products primarily in the United Kingdom and the United States. Started in 1991, and currently headed by CEO Patrick Coveney, the company provides employment to 15,795 people and with the market cap of GBP £1.52B, it falls under the small-cap category.
GNC is expected to deliver a triple-digit high earnings growth over the next couple of years, driven by a positive double-digit revenue growth of 17.41% and cost-cutting initiatives. An affirming signal is when net income increase also comes with top-line growth. Even though some cost-reduction initiatives may have also pushed up margins, in the case of GNC, it does not appear extreme. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 14.11%. GNC’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Interested to learn more about GNC? Check out its fundamental factors here.