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Top 5 Growth Stocks For April
Growth is oxygen. Without increasing revenue from higher demand and/or pricing power, it’s hard to achieve the other things that make businesses special such as economies of scale, operating leverage, and growing cash generation to reinvest in the business. These are the high-quality companies in our coverage that are displaying breakneck topline growth.
MercadoLibre (MELI)
Originally started as an online auction platform, MercadoLibre (NASDAQ:MELI) is a one-stop e-commerce marketplace and fintech platform in Latin America.
Why We Like It:
MercadoLibre is a world-class company. Its combination of high growth and extraordinary profitability makes it a beloved asset within investment circles. On top of that, its cost-efficient marketing campaigns allow it to target and onboard new users at scale. No coincidence the stock is up 254% over the last five years.
Remitly (RELY)
With Amazon founder Jeff Bezos as an early investor, Remitly (NASDAQ:RELY) is an online platform that enables consumers to safely and quickly send money globally.
Why We Like It:
Remitly has immense traction and its popular products are projected to help grow its revenue by 24.8% next year. On top of that, its eye-popping 88.9% annualized EPS growth over the last three years has significantly outpaced its peers. This is a splendid business you don’t see often.
Super Micro (SMCI)
Founded in Silicon Valley in 1993 and known for its modular "building block" approach to server design, Super Micro Computer (NASDAQ:SMCI) designs and manufactures high-performance, energy-efficient server and storage systems for data centers, cloud computing, AI, and edge computing applications.
Why We Like It:
Only some companies are truly irreplaceable, and Super Micro is one of the lucky few. Its surging demand and tremendous scale show many would suffer without its products. No coincidence the stock is up 1,473% over the last five years.
Vital Farms (VITL)
With an emphasis on ethically produced products, Vital Farms (NASDAQ:VITL) specializes in pasture-raised eggs and butter.
Why We Like It:
Retailers can’t stock enough of Vital Farms’s products. Its spectacular 18.9% sales volume growth makes it one of the most exciting companies. Furthermore, its stellar 23.5% ROIC illustrates management’s exceptional investing abilities. This is one of our top consumer staples stocks.
DoorDash (DASH)
Founded by Stanford students with the intent to build “the local, on-demand FedEx", DoorDash (NYSE:DASH) operates an on-demand food delivery platform.
Why We Like It:
Growing at a remarkable rate, DoorDash is set for sustained revenue, user, and ARPU gains thanks to its innovative product lineup. Furthermore, its sturdy operating margins show it has disciplined cost controls. This is one of the highest-quality internet stocks in our coverage.