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Best Growth Stocks to Buy Now in Top Sectors for 2019

Sam Subramanian PhD, MBA

If you are looking for the best growth stocks to buy now, this list of stodgy stalwarts from top sectors is worth checking. For one, all of them have strong near-term growth prospects. Second, some of them provide meaty dividends as well.

The two worries that roiled stocks in the fourth quarter of 2018 have eased in the first quarter of 2019.

Trade negotiations between the U. S. and China appear to be progressing.

The Federal Reserve has backed off on raising interest rates in 2019.

Stocks have rallied in response.

The S&P 500 and the Russell 2000 index of small-cap companies are up 14% and 16%, respectively.

To a large extent, investors have not been concerned by a rise in signs of economic softness.

For one, economic data, particularly from China and Europe, have been largely disappointing.

Analysts have been lowering their 2019 earnings growth expectations for U. S. companies.

Which sectors do analysts expect to show the highest growth in 2019?

High Growth Sectors for 2019

Here is what FactSet data show as of March 22:

Analysts are forecasting S&P 500 companies to grow earnings by 3.8% in 2019.

That's down 3.6% from their forecast for 7.4% earnings growth on December 31, 2018.

Analysts have lowered their 2019 earnings growth forecasts for all 11 sectors.

As shown below, analysts now expect earnings to grow year-over-year in 9 of the 11 sectors.

Best Growth Stocks to Buy Now in Top Sectors for 2019

Analysts expect earnings to grow in 9 of the 11 sectors in 2019. No sector is expected to show double-digit earnings growth. Earnings are expected to contract in the energy and materials sectors.

Earnings growth is expected to be strongest in the industrial, consumer discretionary, and financial sectors.

Earnings growth is expected to be less robust in real estate, information technology, and consumer staples.

Energy and materials are the two sectors where earnings are expected to decline year-over-year.

High growth sectors are a logical place to look for the best growth stocks to buy now.

So, what specific companies currently offer above-average earnings growth prospects?

Best Growth Stocks to Buy Now

The following is a compilation of large U. S. companies forecasted to grow their EPS at a rate higher than the 3.8% rate for the S&P 500 index.

Companies with a market capitalization of over $25 billion are included in this list.

The list is pruned to three companies in sectors where several companies show above-average growth.

1. Best Growth Stocks to Buy Now in Communication Services Sector

  • Netflix (NFLX): 51%
  • Charter Communications (CHTR): 50%
  • Comcast (CMCSA): 9%

2. Best Growth Stocks to Buy Now in Consumer Discretionary Sector

  • Amazon.com (AMZN): 37%
  • Lowe's Companies (LOW): 19%
  • Starbucks (SBUX): 12%

3. Best Growth Stocks to Buy Now in Consumer Staples Sector

  • Costco Wholesale (COST): 12%
  • Estee Lauder (EL): 12%
  • Procter & Gamble (PG): 5%

4. Best Growth Stocks to Buy Now in Energy Sector

  • Baker Hughes (BHGE): 59%
  • Williams Companies (WMB): 25%
  • Kinder Morgan (KMI): 16%

5. Best Growth Stocks to Buy Now in Financial Sector

  • Wells Fargo (WFC): 18%
  • Citigroup (C): 13%
  • Bank of America (BAC): 10%

6. Best Growth Stocks to Buy Now in Health Care Sector

  • Anthem (ANTM): 21%
  • Celgene (CELG): 21%
  • UnitedHealth Group (UNH): 14%

7. Best Growth Stocks to Buy Now Stocks in Industrial Sector

  • Boeing (BA): 26%
  • Deere & Co (DE): 19%
  • Union Pacific (UNP): 15%

8. Best Growth Stocks to Buy Now in Information Technology Sector

  • Adobe Systems (ADBE): 42%
  • Cisco Systems (CSCO): 18%
  • MasterCard (MA): 16%

9. Best Growth Stocks to Buy Now in Materials Sector

  • Sherwin-Williams (SHW): 14%
  • Ecolab (ECL): 12%
  • Linde (LIN): 10%

10. Best Growth Stocks to Buy Now in Real Estate Sector

  • Equinix (EQIX): 39%
  • American Tower (AMT): 26%
  • Crown Castle International (CCI): 24%

11. Best Growth Stocks to Buy Now in Utilities Sector

  • NextEra Energy (NEE): 9%
  • Sempra Energy (SRE): 8%
  • Duke Energy (DUK): 5%

AlphaProfit's Recommendations of Best Growth Stocks to Buy Now

AlphaProfit recommends attractively valued stocks with favorable near-term prospects in each Premium Service Monthly Report to help you profit from short-term investment opportunities.

To provide you with reliable winning stock recommendations, AlphaProfit evaluates stocks on both fundamental and technical factors.

Fundamental analysis ensures recommended companies are worthy of committing your precious dollars from quality, valuation, and growth perspectives.

Technical analysis provides precise buy & sell price recommendations to lock your gains.

The proof of AlphaProfit's methodology is in the results.

On average, subscribers have netted a 12.0% gain in 2 months from each stock recommendation at a 86% win rate.

AlphaProfit's Investment Selection Process

Selection of sectors with strong earnings growth prospects by itself does not guarantee winning picks.

To increase the odds of selecting winning sector ETFs & selecting winning Fidelity Select Funds, AlphaProfit evaluates sectors on valuation, momentum, and news quality with earnings growth being one of the news quality metrics.

This multi-factor analysis ensures investments in the chosen sector are attractively priced and have the catalysts needed to sustain growth in future.

Fully 75% of investments selected by AlphaProfit have made money ... and this includes the 2008 financial crisis and the dot-com bust at the turn of the millennium.

The high percentage of winning investment selections translates into lower risk and higher return for AlphaProfit Premium Service investment newsletter subscribers.

AlphaProfit's Free Investment Newsletter MoneyMatters

Compounding at an annual rate of 18.2%, a dollar invested in AlphaProfit's selection process in 1994 is now worth $67.98 while a comparable investment in the S&P 500 is worth just $10.04.

Consistent selection of winning mutual fund picks has enabled AlphaProfit's Premium Service to rank #1 in Hulbert Financial's investment newsletter rankings multiple times.

Sign up for AlphaProfit's FREE investment newsletter MoneyMatters and get two special reports:
Five Smart Ways of Using Fidelity Select Funds and Avoid Three Common Mistakes ETF Investors Make.

Related Articles:
Sector ETFs: Invest in the Best Sector ETF Consistently
Fidelity Select Funds: Choose the Best Fidelity Sector Fund Consistently
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AlphaProfit MoneyMatters is a free e-letter distributed to registered users of AlphaProfit's website. The e-letter analyzes the economy, markets, and sectors and provides money-making insights on stocks, exchange-traded funds, and mutual funds. AlphaProfit MoneyMatters is edited by Dr. Sam Subramanian acclaimed for his financial acumen and analytical skills.

AlphaProfit Investments, LLC is an independent investment research firm based in Sugar Land, TX. AlphaProfit publishes the AlphaProfit Sector Investor's Newsletter, edited by Dr. Sam Subramanian. Leveraging sector funds, the Newsletter provides high-performance model portfolios with Fidelity funds and exchange-traded funds. It also includes actionable stock recommendations. This newsletter features among MarketWatch's top 10 investment newsletters and has won the coveted #1 rank from Hulbert Financial several times.

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