Five fastest-growing S&P 500 stocks making investors drool

Summary

  • Moderna, Inc. (NASDAQ: MRNA) gave a 234.37% return YTD. Its P/E ratio is 271.02.
  • L Brands, Inc. (NYSE: LB) gave a 108.2% return YTD. The stock closed at US$77.43 on July 28.
  • Generac Holdings Inc. (NYSE: GNRC) YTD return is 89.54%. It has a P/E ratio of 52.66 and a market capitalization of US$26.95 billion.

S&P 500 is made up of 500 largest companies in the US based on market capitalization-weighted criteria. The index was launched more than a half-century ago and is the most popular index to track large-cap companies. The index returned around 36% in one year.

Here we discuss five fastest growing stocks on S&P 500 based on their year-to-date return.

Moderna, Inc. (NASDAQ: MRNA) gave a 234.37% return YTD. This commercial-stage biotechnology company has a market capitalization of US$136 billion. Its P/E ratio is 271.02, and forward P/E for one year is 13.65.

It is a new entrant in S&P 500, effective from July 21, 2021, after replacing Alexion Pharmaceuticals Inc., acquired by AstraZeneca Plc.

The net revenue for March quarter 2021 was US$ 1.9 billion compared to a mere US$ 8 million in the corresponding quarter of 2020. This jump in revenue is all due to Covid-19 vaccine development. The net income was US$ US$ 1.2 billion against the loss of 124 million for the same quarter the previous year. EPS diluted was US$ US$ 2.84.

Moderna will report its Q2 results on August 5. The stock closed at US$ 349.32 on July 28.

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Source: Pixabay

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L Brands, Inc. (NYSE: LB) has given a 108.2% return YTD.

This personal care and beauty retailer was founded in 1963. It has a market cap of US$21 billion, a P/E ratio of 15.89, and a dividend yield of 0.77%.

It reported revenue of US$ 3 billion and net income of US$ 277 million for the first quarter ended May 1, 2021. Revenue increased 83% YOY, and net income improved from the loss of US$ 297 million in the previous year Q1. EPS diluted was US$ 0.97.

It has 1,757 Bath and Bodyworks stores and 927 Total Victoria's Secret, making a total of 2,684 L Brands stores as of July 3, 2021. The company has revised the guidance for Q2 for EPS to be between US$ 1.20-US$ 1.30, against the previous expectation of US$ 0.80-US$ 1.00. 

The stock closed at US$ 77.43 on July 28.

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Generac Holdings Inc. (NYSE: GNRC) YTD return is 89.54%.

GNRC is a power generation equipment and engine-powered product manufacturer and has a P/E ratio of 52.66 and a market capitalization of US$ 26.95 billion.

Net sales for the second quarter ended June 30, 2021, was US$ 920 million, a 68% increase YOY. GNRC’s net income was US$ 127 million or US$ 2.01 per common share diluted, nearly 92% up from the previous year quarter. 

The company revised its outlook for sales growth from 40-45% to 47-50% in full-year 2021. Net income margin to be between 15.5-16% from the previous 16-17%.

The stock closed at US$ 431.04 on July 28, 2021.

Also Read: Three healthcare stocks stealing the show today

Nucor Corporation (NYSE: NUE) gave an 86.88% YTD return on its stock.

The steel and steel product manufacturer has a market capitalization of US$ 30.35 billion. It has a P/E ratio of 10.26 and a dividend yield of 1.65%, with an annualized dividend of US$ 1.62.

The net sales for the second quarter ended July 3, 2021, was US$ 8.79 billion, 103% up YOY. The net earnings attributable to shareholders was US$ 1.51 billion, a whopping 1284% YOY. EPS diluted was US$ 5.04 compared to US$ 0.36 in the prior-year quarter.

Its stock closed at US$ 99.4 on July 28.

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Source: Pixabay

Also Read: Seven fast-growing stocks on Nasdaq in 2021

Fortinet, Inc. (NASDAQ: FTNT) has given an 82.92% return in YTD.

The cybersecurity vendor has a P/E ratio of 92.3 and a forward P/E for one year of 99.16. Its market capitalization is US$ 44.6 billion.

The revenue for the March quarter was US$240.7 million, and net income was US$ 107.2 million, reflecting a 25% and 2.5% increase YoY, respectively. EPS diluted was US$ 0.64 compared to US$ 0.60 in the previous year quarter.

Its number of employees increased to 8,615 as of March 31, 2021, compared to 7,448 as of March 31, 2020.

The stock closed at US$ 271.69 on July 28, 2021.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

The reference data in this article has been partly sourced from Refinitiv.

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