Zacks.com Featured Highlights Include: Nexstar Broadcasting Group, ResMed, Lam Research, Qorvo And Northrop Grumman
Zacks Investment Research | Nov 21, 2019 09:39PM ET
For Immediate Release
Chicago, IL – November 22, 2019 - Stocks in this week’s article are Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) , ResMed Inc. (NYSE:RMD) , Lam Research Corp. (NASDAQ:LRCX) , Qorvo, Inc. (NASDAQ:QRVO) and Northrop Grumman Corporation (NYSE:NOC) .
5 Best Stocks with Strong Sales Growth to Buy Right Away
Solid sales growth is one of the most important characteristics of winners in the stock market. The companies that put more emphasis on sales management have a competitive advantage, as strong sales generally get converted into growth.
Revenues are often more closely monitored than earnings when assessing the growth of a business. This is because investors want to ensure that the business has the capability of generating more sales over time.
Flat or declining sales indicate obstacles for the company and limit the scope for sustained growth. Companies with top-line pressure may generate near-term profit but that doesn’t ensure enough growth to attract investors.
Without impressive top-line growth, the bottom-line improvement may not be sustainable over the longer term. While a company can show earnings strength by lowering costs, sustainable growth in the bottom line usually requires robust sales performance.
However, sales growth alone doesn’t indicate much about a company’s future performance. Though it provides investors an insight into product demand and pricing power, a huge sales number is not necessarily translated into profits.
So, taking a company’s cash position along with its sales number into consideration can prove to be a more dependable strategy. Substantial cash in hand and a steady cash flow lend a company more flexibility with respect to business decisions and potential investments. Also, an adequate cash position suggests that revenues are being channelized in the right direction.
For the rest of this Screen of the Week article please visit Zacks.com at:Zacks Investment Research
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