While many stocks have fallen considerably from their highs, that doesn’t mean they’re all “cheap.” For genuine long-term investing bargains, you can’t simply focus on stocks that have experienced price declines. You have to be on the lookout for companies with solid growth momentum and leading market positions. The following stocks have strong growth characteristics and should be considered by investors today.
A company that develops, manufactures, sells, and distributes diagnostic medical imaging agents and products for cardiovascular and other diseases, has a Zacks Rank #1 and has seen its Zacks Consensus Estimate for the next 60 days increase by 48.3%. The PEG ratio for Lantheus is 0.59, while the industry average is 0.78. Lantheus scores a B on its Growth Score.
Boston Omaha Corporation (BOC)
A fast-growing conglomerate, Boston Omaha Corporation (BOC up by 3.27%) operates billboard advertising, insurance, and fiber broadband services subsidiaries. Furthermore, the company has an asset management business and invests in a few promising companies as a minority investor.
Value is created over an ultra-long period by management. It might be a good idea to take a closer look at this business that is often compared to an earlier stage of Berkshire Hathaway now that shares have dropped by 50% from their 52-week high.
Howard Hughes Corporation (HHC)
Howard Hughes Corporation (HHC is up by 4.09%) is trading at more than half its pre-pandemic 2020 high despite having its best year in 2021. In a nutshell, Howard Hughes acquires land tracts and gives them to homebuilders as buildable lots. There is fear that land sales will grind to a halt soon because mortgage rates are rising and home prices are rising. If that is possible, Howard Hughes’s impressive long-term value-creation model deserves closer examination.
Marathon Petroleum (MPC):
Findinglay-based company is one of the largest independent refiners, transporters, and marketers of petroleum products with a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimates for its current year earnings have increased 92.4% over the last 60 days. The PEG ratio for Marathon Petroleum is 0.31, while the PEG ratio for its industry is 0.51. This gives the company an A on the Growth Score scale.
General Motors (GM)
General Motors (GM up by 5.09%) is one of the best-positioned companies in the electric vehicle (EV) and autonomous-vehicle spaces. Its majority-owned subsidiary Cruise recently conducted the first paid autonomous rides in the U.S. with its Hummer and Silverado EVs.
This business has tons of potential in EVs and autonomous vehicles, but the market seems to overlook it due to supply chain problems and recession fears. Shares are down by 50% from their highs due to lingering supply chain issues and recession fears.
Upstart (UPST up by 3.77%) is the most battered stock on our list. Credit will be democratized for individuals who deserve it. Putting it bluntly, investors see inflation, rising rates, and recessions as significant risks in the model. Upstart may be a bargain for patient investors as it continues to grow and proves its successful credit-determination model.