The 15 Best Growth Stocks You Can Buy Right Now in 2018

Posted on Monday, November 19th, 2018 by MarketBeat Staff

At the beginning of a bull market, you can almost choose stocks randomly and find yourself a winner. Now that we are entering the ninth year of the current bull market, growth stocks have appreciated considerably and it's becoming far more challenging to find stocks with real opportunities for appreciation.

Growth companies are still largely outperforming their value counterparts in the United States and the rest of the world largely because of low interest rates, improved corporate earnings and global economic growth. Over the last five years, the S&P 500 Growth Index has returned 14.22% per year. During the same time, the S&P 500 Value Index returned just 12.94%.

Now that the bull market is now nearly a decade old, stocks have become very expensive. Value investors are largely sitting on the sidelines and growth investors are having a hard time figuring out where the remaining growth opportunities exist.

If you are looking for growth stocks in an increasingly small field, we have identified the 10 best growth stocks to buy right now based on their expected earnings growth over the next several years. These companies are all growing rapidly and will likely see double-digit earnings growth next year.

#1 - Autodesk (NASDAQ:ADSK)

2018 EPS Estimate: $0.05
2019 EPS Estimate: $2.22 (+4,340.0%)
Stock Price: $125.74
P/E Ratio: -78.6
Consensus Rating: Buy
Ratings Breakdown: 17 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $163.7368 (30.2% Upside)

Autodesk logoAutodesk, Inc. operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects. It also provides Maya and 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; Revit software for building information modeling; and Inventor tool for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation. In addition, the company offers BIM 360, a construction management cloud-based software; Shotgun, a cloud-based software for review and production tracking in the media and entertainment industry; and Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool. It licenses or sells its products to customers in the architecture, engineering, and construction; manufacturing; and digital media, consumer, and entertainment industries directly, as well as through distributors and resellers. The company was founded in 1982 and is headquartered in San Rafael, California.

#2 - Hess (NYSE:HES)

2018 EPS Estimate: $0.05
2019 EPS Estimate: $1.78 (+3,460.0%)
Stock Price: $56.96
P/E Ratio: -12.4
Dividend Yield: 1.75 %
Consensus Rating: Hold
Ratings Breakdown: 3 Buy Ratings, 8 Hold Ratings, 2 Sell Ratings.
Consensus Price Target: $69.8333 (22.6% Upside)

Hess logoHess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. It operates through two segments, Exploration and Production, and Midstream. The company conducts production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities primarily offshore Guyana, Suriname, Canada, and in the Gulf of Mexico. As of December 31, 2017, it had total proved reserves of 1,154 million barrels of oil equivalent. The company is also involved in crude oil and natural gas gathering, processing of natural gas and the fractionation of NGLs, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane primarily in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. The company was founded in 1920 and is headquartered in New York, New York.

#3 - Neurocrine Biosciences (NASDAQ:NBIX)

2018 EPS Estimate: $0.19
2019 EPS Estimate: $1.74 (+815.8%)
Stock Price: $87.33
P/E Ratio: -53.9
Consensus Rating: Buy
Ratings Breakdown: 15 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $125.75 (44.0% Upside)

Neurocrine Biosciences logoNeurocrine Biosciences, Inc. discovers and develops pharmaceuticals for the treatment of neurological and endocrine-related diseases and disorders in the United States. The company's lead products include INGREZZA (valbenazine), a vesicular monoamine transporter 2 inhibitor (VMAT2), which is used for the treatment of movement disorders; elagolix, a gonadotropin-releasing hormone (GnRH) antagonist that is in Phase III clinical trial for use in women's health; and opicapone, a catechol-O-methyltransferase inhibitor, which is in Phase III clinical trial that is used for in adjunct therapy and preparations of levodopa/DOPA decarboxylase inhibitors for adult patients with Parkinson's disease. It is also developing NBI-74788, which is in Phase II clinical trial that is used for the treatment of congenital adrenal hyperplasia. In addition, the company's research programs comprise VMAT2 Inhibitors for movement disorders, bipolar disorders, and schizophrenia; and G Protein-Coupled Receptors and Ion Channels for epilepsy, essential tremor, pain, dystonia, and other indications. It has collaborations and agreements with AbbVie Inc. to develop and commercialize elagolix and GnRH antagonists for women's and men's health; Mitsubishi Tanabe Pharma Corporation to develop and commercialize INGREZZA for movement disorders; and BIAL – Portela & Ca, S.A. to develop and commercialize opicapone for the treatment of human diseases and conditions, including Parkinson's disease. The company also has a research collaboration agreement with Jnana Therapeutics Inc. to discover novel small molecule therapeutics for multiple targets for central nervous system disorders. Neurocrine Biosciences, Inc. was founded in 1992 and is headquartered in San Diego, California.

#4 - WPX Energy (NYSE:WPX)

2018 EPS Estimate: $0.19
2019 EPS Estimate: $0.92 (+384.2%)
Stock Price: $14.00
P/E Ratio: -33.3
Consensus Rating: Buy
Ratings Breakdown: 26 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $23.1538 (65.4% Upside)

WPX Energy logoWPX Energy, Inc., an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado. As of December 31, 2017, it had proved reserves of 436 million barrels of oil equivalent. The company was incorporated in 2011 and is headquartered in Tulsa, Oklahoma.

#5 - Goldcorp (NYSE:GG)

2018 EPS Estimate: $0.07
2019 EPS Estimate: $0.33 (+371.4%)
Stock Price: $9.48
P/E Ratio: 23.9
Dividend Yield: 0.86 %
Consensus Rating: Buy
Ratings Breakdown: 10 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $15.6223 (64.8% Upside)

Goldcorp logoGoldcorp Inc. acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic. Goldcorp Inc. was founded in 1954 and is headquartered in Vancouver, Canada.

#6 - China Southern Airlines (NYSE:ZNH)

2018 EPS Estimate: $0.94
2019 EPS Estimate: $4.43 (+371.3%)
Stock Price: $32.50
P/E Ratio: 8.4
Dividend Yield: 2.00 %
Consensus Rating: Buy
Ratings Breakdown: 4 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A

China Southern Airlines logoChina Southern Airlines Company Limited provides airlines transportation services in the People's Republic of China and internationally. The company operates through two segments, Airline Transportation Operations and Other. It offers passenger, cargo, mail delivery, and other extended transportation services. The company is involved in the provision of aircraft maintenance, ground, air catering, cargo handling, logistics, freight, import and export agency, and flight simulation services; and hotel and tour operations. As of December 31, 2017, it operated a fleet of 754 aircraft. China Southern Airlines Company Limited was founded in 1995 and is based in Guangzhou, the People's Republic of China. China Southern Airlines Company Limited is a subsidiary of China Southern Air Holding Limited Company.

#7 - Incyte (NASDAQ:INCY)

2018 EPS Estimate: $0.43
2019 EPS Estimate: $1.97 (+358.1%)
Stock Price: $64.25
P/E Ratio: 100.2
Consensus Rating: Buy
Ratings Breakdown: 13 Buy Ratings, 10 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $95.6728 (48.9% Upside)

Incyte logoIncyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics in the United States. It offers JAKAFI, a drug for the treatment of myelofibrosis and polycythemia vera cancers; and ICLUSIG, a kinase inhibitor for the treatment of chronic myeloid leukemia and philadelphia-chromosome positive acute lymphoblastic leukemia. The company's clinical stage products include ruxolitinib, a drug that is in pivotal Phase II clinical trial for steroid-refractory acute graft-versus-host-diseases (GVHD); and Phase II clinical trial for the treatment of essential thrombocythemia, as well as Phase III clinical trials for steroid-refractory acute and chronic GVHDs. In addition, it is developing itacitinib that is in Phase I/II clinical trial in combination with osimertinib for non-small cell lung cancer (NSCLC), as well as Phase III clinical trial for naïve acute GVHD; epacadostat that is in Phase III clinical trails for the treatment of melanoma, renal, bladder, head and neck, non-small cell lung cancers; MGA012 that is in Phase I clinical trial for solid tumors; INCB50465, which is in Phase II clinical trials for the treatment of diffuse large b-cell lymphoma, follicular lymphoma, marginal zone lymphoma, and mantel cell lymphoma; and INCB54828 that is in Phase II clinical trials for the bladder cancer, cholangiocarcinoma, and 8p11 myeloproliferative syndrome. The company markets its JAKAFI product through a network of specialty pharmacy providers and wholesalers. It has collaboration agreements with Novartis International Pharmaceutical Ltd.; Eli Lilly and Company; Agenus Inc.; Jiangsu Hengrui Medicine Co., Ltd.; Merus N.V.; Calithera Biosciences, Inc; Pfizer; and MacroGenics, Inc. Incyte Corporation was founded in 1991 and is headquartered in Wilmington, Delaware.

#8 - Agnico Eagle Mines (NYSE:AEM)

2018 EPS Estimate: $0.18
2019 EPS Estimate: $0.64 (+255.6%)
Stock Price: $35.72
P/E Ratio: 32.6
Dividend Yield: 1.25 %
Consensus Rating: Buy
Ratings Breakdown: 12 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $54.4545 (52.4% Upside)

Agnico Eagle Mines logoAgnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits. The company's flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2017, Its LaRonde mine had a proven and probable mineral reserve of approximately 2.7 million ounces of gold. The company is also involved in exploration activities in Canada, Europe, Latin America, and the United States. Agnico Eagle Mines Limited was founded in 1953 and is headquartered in Toronto, Canada.

#9 - RingCentral (NYSE:RNG)

2018 EPS Estimate: ($0.09)
2019 EPS Estimate: ($0.30) (+233.3%)
Stock Price: $68.86
P/E Ratio: -196.7
Consensus Rating: Buy
Ratings Breakdown: 12 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $90.1429 (30.9% Upside)

RingCentral logoRingCentral, Inc. provides software-as-a-service solutions for business communications and collaboration primarily in the United States. The company's products include RingCentral Office, a multi-tenant, multi-location, and enterprise-grade communications and collaboration solution that enables employees to communicate through voice, text, team messaging and collaboration, and HD video and Web conferencing through smartphones, tablets, PCs, and desk phones for businesses, which require a communications solution; RingCentral Professional, an inbound call routing subscription with additional text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that offers Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. Its products also comprise RingCentral Contact Center that provides a cloud based contact center solution, which delivers omni-channel capabilities; and RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office. RingCentral, Inc. serves a range of industries, including financial services, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, and state and local government, as well as others. The company sells its products through a network of direct sales representatives, as well as sales agents and channel partners. RingCentral, Inc. was founded in 1999 and is headquartered in Belmont, California.

#10 - DCP Midstream (NYSE:DCP)

2018 EPS Estimate: $0.69
2019 EPS Estimate: $2.29 (+231.9%)
Stock Price: $36.59
P/E Ratio: 69.0
Dividend Yield: 8.80 %
Consensus Rating: Hold
Ratings Breakdown: 6 Buy Ratings, 3 Hold Ratings, 2 Sell Ratings.
Consensus Price Target: $45.40 (24.1% Upside)

DCP Midstream logoDCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates in two segments, Gathering and Processing, and Logistics and Marketing. The Gathering and Processing segment is involved in gathering, compressing, treating, and processing natural gas; producing and fractionating natural gas liquids (NGLs); and recovering condensate. The Logistics and Marketing segment engages in transporting, trading, marketing, and storing natural gas and NGLs; fractionating NGLs; and wholesale propane logistics. As of February 13, 2018, it owned and operated approximately 60 plants and 63,000 miles of natural gas and NGLs pipelines with operations in 17 states. The company serves petrochemical and refining companies, and retail propane distributors. DCP Midstream GP, LP serves as the general partner of the company. The company was formerly known as DCP Midstream Partners, LP and changed its name to DCP Midstream, LP in January 2017. DCP Midstream, LP was founded in 2005 and is headquartered in Denver, Colorado.

#11 - ServiceNow (NYSE:NOW)

2018 EPS Estimate: $0.16
2019 EPS Estimate: $0.52 (+225.0%)
Stock Price: $156.80
P/E Ratio: -149.3
Consensus Rating: Buy
Ratings Breakdown: 26 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $203.4444 (29.7% Upside)

ServiceNow logoServiceNow, Inc. provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools. The company also provides information technology (IT) solutions, such as IT service management product suite for enterprise's employees, customers, and partners; IT operations management that connects a customer's physical and cloud-based IT infrastructure with applications and platforms; and IT business management product suite that enables customers to manage their IT priorities. In addition, it offers customer service management product for customer service cases and requests; human resources service delivery product; and security operations product for security operations management requirements of third-party. Further, the company provides professional services, training services and certification programs, and customer support services. It serves enterprises in various industries, including financial services, consumer products, IT services, healthcare, government, education, and technology. The company sells products through its direct sales team, as well as indirectly through third-party channels by partnering with systems integrators, managed services providers, and resale partners. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. ServiceNow, Inc. was founded in 2004 and is headquartered in Santa Clara, California.

#12 - China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA)

2018 EPS Estimate: $0.80
2019 EPS Estimate: $2.47 (+208.8%)
Stock Price: $29.73
P/E Ratio: 9.2
Dividend Yield: 1.13 %
Consensus Rating: Buy
Ratings Breakdown: 3 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A

China Eastern Airlines Corp. Ltd. ADR Class H logoChina Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China and internationally. The company offers passenger, cargo, mail delivery, ground, cargo handling, tour operations, air catering, and other extended transportation services. It is also involved in flight training; airline maintenance and consultation; import and export, investment, leasing, and consultation; hotel services; travel and air ticketing agency and transportation; the research and development of technology and products in the field of aviation; and e-commerce platform activities. As of December 31, 2017, the company operated a fleet of 637 aircraft, including 627 passenger aircraft and 10 business aircraft. China Eastern Airlines Corporation Limited was founded in 1988 and is headquartered in Shanghai, the People's Republic of China. China Eastern Airlines Corporation Limited is a subsidiary of China Eastern Air Holding Company Limited.

#13 - JD.Com (NASDAQ:JD)

2018 EPS Estimate: $0.14
2019 EPS Estimate: $0.43 (+207.1%)
Stock Price: $21.11
P/E Ratio: 2,111.0
Consensus Rating: Hold
Ratings Breakdown: 8 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $38.00 (80.0% Upside)

JD.Com logoJD.com, Inc., through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce. It also provides gifts, flowers, and plants; nutritional supplements; books, e-books, music, movie, and other media products; and virtual goods, such as online travel agency, attraction tickets, and prepaid phone and game cards, as well as consumer electronic products. In addition, the company offers an online marketplace for third-party sellers to sell products to customers; and transaction processing and billing, value-added fulfillment, and other services. Further, it provides online marketing services for suppliers, merchants, and other partners; logistics services for various industries; consumer financing services to individual customers; and supply chain financing services to suppliers and merchants. Additionally, the company offers online-to-offline solutions for customers and offline retailers, as well as online and in-person payment options and customer services. JD.com, Inc. offers its products through its Website jd.com and mobile apps, as well as directly to customers. As of December 31, 2017, JD.com, Inc. operated 7 fulfillment centers and 486 warehouses in 78 cities covering various counties and districts. The company has strategic cooperation agreement with Tencent Holdings Limited and Vipshop Holdings Ltd. JD.com, Inc. is headquartered in Beijing, China.

#14 - ICICI Bank (NYSE:IBN)

2018 EPS Estimate: $0.24
2019 EPS Estimate: $0.70 (+191.7%)
Stock Price: $10.06
P/E Ratio: 31.5
Dividend Yield: 0.41 %
Consensus Rating: Buy
Ratings Breakdown: 3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A

ICICI Bank logoICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and fixed, recurring, and security deposits. It also provides home, car, two wheeler, personal, gold, and commercial business loans, as well as loans against securities and other loans; business loans, such as working capital finance, term loans, collateral free loans, loans without financials, finance for importers and exporters, and secured loans for credit card swipes, as well as loans for new entities, and schools and colleges; and credit, debit, prepaid, travel, and corporate cards. In addition, the company offers life, health, travel, car, two wheeler, home, and student medical insurance products; pockets wallet; fixed income products; investment products, such as mutual funds, gold monetization schemes, and initial public offerings, as well as other online investment services; and farmer finance, tractor loans, and micro banking services, as well as other services to agri traders and processors, and agri corporates. Further, it provides portfolio management, trade, foreign exchange, locker, private and NRI banking, and cash management services; family wealth and demat accounts; commercial banking, investment banking, capital markets and custodial, project and technology finance, and institutional banking services, as well as Internet, mobile, and phone banking services. Additionally, the company offers securities investment, broking, trading, and underwriting services; and merchant banking, private equity/venture capital fund management, trusteeship, and pension fund management services. As of March 31, 2018, it had a network of 4,867 branches and 14,367 ATMs. ICICI Bank Limited was founded in 1955 and is based in Mumbai, India.

#15 - Murphy Oil (NYSE:MUR)

2018 EPS Estimate: $1.64
2019 EPS Estimate: $4.55 (+177.4%)
Stock Price: $31.65
P/E Ratio: -243.8
Dividend Yield: 3.14 %
Consensus Rating: Hold
Ratings Breakdown: 4 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $35.80 (13.1% Upside)

Murphy Oil logoMurphy Oil Corporation operates as an oil and gas exploration and production company worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.





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