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Investors tend to look for stocks that have a strong future outlook. Why invest in something that will grow slower than the rest of the market? In terms of profitability and returns, stocks such as Blackmores and Corporate Travel Management are expected to outperform its peers in the future. Whether it be a well-known tech stock or a risky small-cap, I believe diversification towards growth can add value to your current holdings. Below I’ve compiled a list of stocks with a bright future ahead.
Blackmores Limited (ASX:BKL)
Blackmores Limited develops, sells, and markets natural health products for humans and animals in Australia, New Zealand, and Asia. Formed in 1930, and now run by Richard Henfrey, the company size now stands at 1,000 people and with the company’s market capitalisation at AUD A$2.35B, we can put it in the mid-cap category.
BKL’s forecasted bottom line growth is an optimistic double-digit 20.76%, driven by the underlying double-digit sales growth of 38.82% over the next few years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 42.26%. BKL ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. A potential addition to your portfolio? I recommend researching its fundamentals here.
Corporate Travel Management Limited (ASX:CTD)
Corporate Travel Management Limited, a travel management solutions company, manages the purchase and delivery of travel services for the corporate market worldwide. Founded in 1994, and headed by CEO Jamie Pherous, the company size now stands at 2,200 people and with the stock’s market cap sitting at AUD A$2.68B, it comes under the mid-cap stocks category.
Extreme optimism for CTD, as market analysts projected an outstanding earnings growth rate of 20.40% for the stock, supported by a double-digit sales growth of 28.75%. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 21.95%. CTD ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Interested to learn more about CTD? Take a look at its other fundamentals here.