Entrepreneurship
3 Growth Stocks to Buy Now Before They Heat up
The gradual decline in inflation and decelerating wage growth might prompt the Fed to slow the pace of rate hikes this year, which might help growth stocks to stage a recovery. So, fundamentally strong growth stocks Salesforce (CRM), HF Sinclair (DINO), and Box (BOX), which look poised to soar in the near term, might be ideal buys now. Keep reading.
December’s Consumer Price Index (CPI) fell 0.1% for the month, in line with the Dow Jones estimate, marking the largest month-over-month decrease since April 2020. Moreover, the Labor Department reported that employers added 223,000 jobs in December 2022, reflecting a slowdown from the pace of job creation seen earlier in the year.
Also, average hourly pay, which had been increasing at an annual rate of 5% in September, fell to 4.6% in the month.
The sky-high inflation and the Fed’s aggressive interest rate hikes to tame it have affected growth stocks significantly last year. However, the easing inflationary pressures and declining wage growth signals that the Fed’s rate hikes are having their intended effect, which might prompt the Fed to slow its rate hike pace.
The Fed is widely anticipated to deliver a 0.25 bps rate hike in its next meeting, a step back from a 0.50 bps hike last month.
Furthermore, as per Fundstrat Global Advisors co-founder Tom Lee, US stocks will surge back toward record highs in 2023 once the Federal Reserve signals that it’ll ease up on its monetary-tightening campaign. Lee also said that he expects the S&P 500 to steadily climb to hit 4,800 points this year.
Given this backdrop, fundamentally strong growth stocks Salesforce, Inc. (CRM), HF Sinclair Corporation (DINO), and Box, Inc. (BOX) might be ideal buys for solid returns this year.
Salesforce, Inc. (CRM)
CRM provides customer relationship management technology that brings companies and customers together worldwide. The company’s service offerings include Sales, Service, Marketing, and Commerce. The company provides its services through direct sales, consulting firms, systems integrators, and other partners.
The company’s forward Price/Book multiple of 2.79 is 32.8% lower than the industry average of 4.15.
During the third quarter that ended October 31, 2022, CRM’s total revenues increased 14.2% year-over-year to $7.84 billion. The company’s gross profit increased 14.5% year-over-year to $5.75 billion, and non-GAAP income from operations increased 30.9% year-over-year to $1.78 billion.
The consensus EPS estimate of $1.36 for the fiscal fourth quarter ending January 2023 indicates a 62.3% improvement year-over-year. The consensus revenue of $8 billion for the same quarter represents a 9.2% year-over-year growth. CRM has an impressive earnings surprise history as it has surpassed the consensus EPS and revenue estimates in each of the trailing four quarters.
Also, the company’s revenue and levered free cash flow have grown at a CAGR of 24.1% and 21.8%, respectively, over the past three years.
The stock has gained 26.7% over the past month to close the last trading session at $167.97.
CRM’s POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
It has an A grade for Growth and a B for Sentiment. Within the 138-stock Software – Application industry, it is ranked #27.
Beyond the POWR Ratings just highlighted, you can access additional CRM grades for Value, Momentum, Stability, and Quality here.
HF Sinclair Corporation (DINO)
DINO is an independent petroleum refiner that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel, and other specialty products.
Its forward non-GAAP P/E of 3.80x is 53.8% lower than the industry average of 8.23x. Its 0.27 forward non-GAAP PEG multiple is 59.6% lower than the industry average of 0.68.
The company pays $1.20 annually as dividends, which translates to a yield of 2.81% at the current price. Its four-year average dividend yield is 2.99%.
DINO’s sales and other revenues grew 126.2% year-over-year to $10.60 billion for the third quarter that ended September 30, 2022. Its adjusted EBITDA increased 267.9% year-over-year to $1.50 billion. The company’s adjusted net income increased 368.2% year-over-year to $982.90 million, while its adjusted EPS rose 257.8% year-over-year to $4.58.
Street expects DINO’s revenue to increase 106.6% year-over-year to $37.99 billion for the fiscal year 2022. Its EPS is expected to rise 789% year-over-year to $14.96 for the same year. The company has surpassed the consensus revenue estimates in all of the trailing four quarters.
Moreover, the company’s net income and EPS have grown at a CAGR of 39.1% and 33%, respectively, over the past three years.
The stock has gained 9.7% over the past month and 61.8% over the past year to close the last trading session at $56.90.
It is no surprise that DINO has an overall rating of B, equating to a Buy in our POWR Ratings system.
It has a grade of A for Growth and Momentum and a B for Quality. It is ranked #10 among 93 stocks in the B-rated Energy – Oil & Gas industry.
In addition to the grades stated above, we’ve also rated DINO for Value, Sentiment, and Stability. Get all DINO ratings here.
Box, Inc. (BOX)
BOX provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device.
On January 10, BOX announced that BETC, a global communications, marketing, and advertising agency, have chosen BOX’s secure content management capabilities to power collaboration and accelerate processes around content management.
Sebastien Marotte, President of EMEA at BOX, said, “We’re delighted to support BETC in powering the next generation of creative content for their prestigious clients. We look forward to our continued partnership as BETC continues to expand its use of Box and develop its Content Cloud journey.”
In terms of forward non-GAAP PEG, BOX is currently trading at 1.36x, which is 14.8% lower than the industry average of 1.60x. Its forward Price/Cash flow multiple of 16.32 is 11.2% lower than the industry average of 18.37.
BOX’s revenue increased 11.6% year-over-year to $249.95 million in the third quarter that ended September 30, 2022. Its gross profit rose 15.2% year-over-year to $185.46 million. Also, its EPS came in at $0.03, compared to a loss per share of $0.12 in the year-ago period.
Analysts expect BOX’s revenue to rise 9.9% year-over-year to $256.48 million in the fiscal fourth quarter ended January 2023. Its EPS is estimated to grow 42.6% year-over-year to $0.34 in the same quarter.
Its revenue and levered free cash flow have grown at a CAGR of 15.1% and 29.1% over the past five years.
The stock has gained 22.4% over the past year to close the last trading session at $31.99. It has gained 10.1% over the past month.
BOX’s strong fundamentals are reflected in its POWR Ratings. It has an overall B rating, which equates to a Buy in our proprietary rating system.
It also has an A grade for Growth and Quality and a B for Value. BOX is ranked #6 among the 78 stocks in the Technology – Services industry.
Click here for the additional POWR Ratings for Stability, Momentum, and Sentiment for BOX.
Consider This Before Placing Your Next Trade…
We are still in the midst of a bear market.
Yes, some special stocks may go up. But most will tumble as the bear market claws ever lower.
That is why you need to discover the brand new “Stock Trading Plan for 2023” created by 40-year investment veteran Steve Reitmeister. There he explains:
- Why it’s still a bear market
- How low stocks will go
- 9 simple trades to profit on the way down
- Bonus: 2 trades with 100%+ upside when the bull market returns
You owe it to yourself to watch this timely presentation before placing your next trade.
CRM shares were trading at $168.63 per share on Wednesday morning, up $0.66 (+0.39%). Year-to-date, CRM has gained 27.18%, versus a 5.98% rise in the benchmark S&P 500 index during the same period.
About the Author: Kritika Sarmah
Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor’s degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.
The post 3 Growth Stocks to Buy Now Before They Heat up appeared first on StockNews.com
window.addEventListener(‘load’, function() {
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,
document,’script’,’
fbq(‘init’, ‘1098588566942656’);
fbq(‘set’,’agent’,’tmgoogletagmanager’, ‘1098588566942656’);
fbq(‘track’, “PageView”);
});
Travelling to Shimla is a major travel goal for many. And it is no surprise why? After all, there can be no mortal being that cannot be charmed by the alluring and enigmatic beauty of the mighty Himalayas. Located on the foothills of the Himalayas in Himachal Pradesh, Shimla is one of the most popular tourist destinations in India.
Popularly known by its moniker, ‘the Queen of hill stations,’ the city is a gateway to all your Himalayan adventures. Once the summer capital of the British during the colonial era, Shimla, with all its natural splendours, Victorian-style monuments, evergreen forests, pristine lakes, and fascinating history, never fails to leave you enthralled.
With plenty of things to do and places to visit in Shimla, you need at least five to six days to explore the city comfortably at your pace and have a fun holiday. Speaking of a memorable holiday, you can get the best experience by booking your stay at the Club Mahindra Kandaghat resort, one of the most premium resorts in Himachal Pradesh. This abode of peace and unmatched holiday experiences is a short distance away from bustling Shimla. That is one of the many reasons why you would love this property, below are others.
1. Club Mahindra Kandaghat resort has a reputation for offering guests the most comfortable and spacious rooms. Also, each room offers you a spectacular, uninterrupted view of the vast valley, and you can wake up to this view every day.
2. One of the reasons why Club Mahindra Kandaghat is rated among the top resorts in Shimla is because it boasts of world-class amenities. You have all the facilities you need to enjoy a relaxing and comfortable holiday and have a gala time with your family. You have amenities like – a sprawling swimming pool, a world-class spa that offers ayurveda-based massages and body treatments, a fully-equipped gymnasium, a souvenir shop, a library, an activity zone for kids and more.
3. During your stay at the Club Mahindra resort, you can enjoy tasting the best of local foods as the chefs at the in-house restaurant prepare a special menu every day to give you an unforgettable dining experience. If you have any specific dietary preference or want to order any particular dish off the menu, you can request the chef, and they will be happy to prepare it for you. The in-house restaurant of the resort is one of the best restaurants in Kandaghat.
4. The strategic location of the Club Mahindra Kandaghat resort makes it easier for you and your family to get around the city and visit all the famous sightseeing spots without any hassles. Whilst there are many places to visit in Shimla, here are some of the must-visit spots:
• Kufri (distance from Club Mahindra Kandaghat Resort – 40.2 km approx.)
• Mall Road (distance from Club Mahindra Kandaghat Resort – 25.9 km approx.)
• Chadwick Falls (distance from Club Mahindra Kandaghat Resort – 25 km approx.)
• Mashobra (distance from Club Mahindra Kandaghat Resort – 36.1 km approx.)
• The Ridge (distance from Club Mahindra Kandaghat Resort – 25.7 km approx.)
5. Throughout your stay at Club Mahindra Kandaghat Resort, you can be assured that you will never have a dull moment as the resort offers many outdoor and indoor experiences to suit your and your family’s preferences. You have many options, from going on a family expedition to explore an Apple orchard to taking a cooking class with your child and partner.
Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.
By Peter Boyd, a Florida attorney who founded PaperStreet. He has helped over 1,500 law firms with their websites, content and marketing.
getty
Blogging offers a low-cost way for law firms to attract new clients and stay top of mind with referral sources. But there is nothing more frustrating than setting aside time to plan blogs only to have your mind draw a blank when it comes to picking a topic.
While many firms choose to use their blog as a vehicle to show off accomplishments, there are many other options for subjects that can increase your appeal to potential clients and enhance relationships with current clients.
1. Answer Some Of The Questions You Get Most Often
Off the top of your head, you can probably think of a few questions that current or prospective clients ask frequently. If your firm has staff who interact with clients frequently, check with them to see what questions they find themselves answering repeatedly. For future topic ideas, start keeping a list or have someone on staff keep a list of client questions.
This type of blog can be especially helpful to members of the public who are looking for information, and when your site becomes an authority on the subject, that can improve your credibility with search engines, which can lead to improvements in search results.
2. Discuss Changes In The Law Or Developments In A Related Business
New statutes or regulations that affect your area of practice are a natural topic for a blog. Changes in judicial or administrative procedures also make good blog topics because they provide information that can be extremely helpful to clients in your practice area. Like blog posts that cover popular questions, blogs explaining the impact of legal changes can prove to be popular and authoritative posts that can help boost your website’s SEO.
In addition to statutes and regulations, consider writing about judicial opinions involving your practice area, even if they involve a different jurisdiction. They may serve as a persuasive authority or signal a coming trend. At the very least, they can provide arguments that could appeal to prospective or current clients.
Industry developments with a connection to your practice area can also provide topics for a law firm blog. For instance, personal injury lawyers could discuss the effect of new driver-assist features on cars. Divorce lawyers might blog about trendy practices such as birdnesting.
3. Surprise Or Entertain The Reader
Some of the blogs that can appeal most to readers are those that start out with a surprise. Discussing little-known laws or fun facts can provide the full topic for a post or just serve as an attention-getting introduction.
Did you know that there’s a National Lost Sock Memorial Day? How about National Lima Bean Respect Day? Highlighting little-known commemorations can provide a great lead-in for certain topics. More traditional holidays also work well as a source for blog topics, such as writing about VA long-term care benefits for Veterans Day during November. These blogs can be fun for writers as well as readers.
4. Expand On Topics Covered In Your Practice Area Pages
A well-constructed website contains informational pages that delve into your practice areas and the services you provide to clients. You can use your blog to explore additional areas or expand on information introduced in your practice area pages.
For instance, an estate planning attorney might go into detail about funding a revocable trust or the various steps involved in the probate process. A personal injury lawyer might discuss what not to do after a car accident. A criminal lawyer might discuss a probation-before-judgment program.
5. Share Information You Wish Clients Understood
Law firms can even use their blogs to make their job a little easier by explaining things they wish their clients knew. They might discuss the etiquette for an online hearing or what to expect in a deposition. A blog could explain what a firm provides in an initial consultation or how clients should prepare for a mediation session. They can also use blogs to reinforce information contained on the practice area pages, such as explaining how comparative negligence can reduce a settlement or verdict.
Getting Help With Blogs And Blog Topics
If an obvious topic does not come to mind, scan posts that others in your practice area have written, particularly those in different cities or regions of your state. You might also talk to your marketing staff or consultant. They should be able to suggest valuable topics that will build your credibility with potential clients and with search engines.
You can also outsource the entire blog process, although you should reserve the right to approve any posts before they go live and to insist on quality work befitting your firm. Blogs can serve as a valuable tool, and they need to provide accurate information, but they are only a small part of the big picture and should not take an inordinate amount of firm resources.
Perched comfortably at over 5,200 ft above sea level in the Western Ghats Mountain range, in Kerala amidst the most picturesque setting you can imagine is Munnar – the largest tea-producing region in India. A breathtakingly beautiful hill town, Munnar is perhaps the perfect testimony to why Kerala is called ‘God’s Own Country.’
What makes Munnar truly special, and a popular tourist destination is its pleasant weather throughout the year, with temperatures ranging from 0 degrees to 20 degrees Celsius. The exotic wildlife and the majestic tea estates add to its inexplicable charm!
If you plan to visit Munnar for a family holiday, you will be pleasantly surprised that there are plenty of exciting places that you can explore. On the flip side, choosing which ones to visit can be daunting. So, to help you get the best experience, we have consolidated a list of top places to visit in Munnar. Oh please, you can thank us later!
Kolukkumalai Tea Estate
Coming to Munnar and not visiting the tea gardens would be a sin! Amongst the many scenic tea estates, Kolukkumalai is the best! It is the highest tea plantation in Kerala and is set against the perfect backdrop of expansive skies shrouded in misty clouds. The lush greenery around and the tranquil environment make it a must-visit spot.
Ensure you carry your camera on your visit to click some stunning selfies for your Instagram! The tea estate is a perfect spot to enjoy a picnic in nature’s lap and spend a peaceful time with your loved one. Of course, you must have a cup of hot tea made from the fresh tea leaves that grow at the estate.
Entry ticket – INR 75 (per adult)
Timings – 7 am to 6 pm
Closed on – Sundays
Lockhart Gap
Lockhart Gap derives its name because of the heart-shaped gap formed naturally between the two mountains. A popular spot among tourists, especially couples and honeymoon goers, the place exudes an undeniable romantic vibe.
Whether you are travelling to Munnar with your significant other or extended family, visit this place. It is the perfect gateway to forget the city chaos and get wonderfully lost in the solitude and the ethereally peaceful environment here.
Entry ticket – Free for all
Timings – 6 am to 6 pm
Open on all days
Mattupetty Dam
Located about 13 km from the city centre, Mattupetty Dam is one of the best places to visit near Munnar. The highlight of the dam is the emerald lake right in its centre, surrounded by lush green gardens. A popular spot among the locals, it is an ideal place for sightseeing and enjoying speed boating and watching a gorgeous sunset.
Entry ticket – INR 10, boating charges INR 500
Timings – 9.30 am to 5 pm
Open on all days
Nyayamakad Waterfall
A waterfall like no other! The gushing sound of the water and the deep valley make it postcard perfect! What makes your visit to this waterfall unique and memorable is that here, you can see the local women plucking the freshest and the most tender tea leaves.
From the drive to the falls and the scenic view, everything about this waterfall is majestic. The magnificent sight of the almost milky waters and the sweet thud of the water will remain etched in your memory for long.
Entry ticket – Free
Timings – All day. For the best experience, visit in the evening or early morning
Open on all days
Eravikulam National Park
Undoubtedly one of the best places to visit in Munnar, the Eravikulam National Park needs no introduction. Almost all the tourist guides to Munnar will recommend visiting this place. The park, which is spread over 97 square kilometres, is home to several beautiful flora and fauna, some of which are rare, including the Nilgiri Tahr, a native resident of the Western Ghats, and Neelakurinji, an exotic flower that blooms only once in 12 years. Just WOW! Isn’t it?
Entry ticket – INR 65 for Indians, INR 245 for foreigners
Timings – 7.30 am to 4 pm
Open on all days
Things to do in Munnar
Like there are many beautiful attractions for sightseeing, there are many exciting and fun things to do in Munnar for all. Here are some suggestions that will surely give you experiences you will enjoy and remember for a long time.
• Enjoy a shikara ride on Kundala Lake
• Go street shopping at the local markets around the city
• Explore the rich history of India’s favourite beverage – Chai (tea), at the Tata Tea Museum
• Offer your prayers and seek blessings at the Mount Carmel Church
• Get your dose of adventure by going hiking to the Anamudi Peak
• Be mesmerised watching the Kalaripayattu performance, one of the oldest martial arts in the world
Best time to visit Munnar
Like all hill stations in India, Munnar has pleasant climatic conditions throughout the year. But the best time to visit Munnar is during the winter, between September to February. During this time, the temperature hovers around 10-20 degrees Celsius, providing an ambient condition for sightseeing and indulging in many outdoor activities. The nights can get colder, so wear appropriate warm clothes.
If you visit during early September, just after the rains end, you can still see plenty of greenery and waterfalls. The summers can get a little warm, with temperatures reaching up to 35 degrees Celsius. So, it is best to avoid travelling to Munnar between March and June.
Resorts in Munnar
As a popular tourist destination, there are many hotels, homestays, and resorts in Munnar. If you are going on a family holiday, you may prefer a premium stay, right? So, for a memorable holiday experience, you must book your stay at the Club Mahindra resorts. There are two resorts in Munnar, vis-à-vis Club Mahindra Mount Serene and Club Mahindra Munnar.
These resorts hosted by Club Mahindra have a reputation for being the most premium family resorts in Kerala. These resorts perfectly capture the true spirit of Kerala and local traditions and culture, as is evident from the beautiful décor all over the resorts’ premises and in the rooms.
The proximity of these resorts to famous tourist spots makes them the perfect haven for all your Munnar adventures. You can easily get around the city without any hassles, explore the city at your own pace and at the end of the day, you can retreat comfortably in your rooms and enjoy the world-class amenities.
A special mention to the in-house spa at the resorts. Here, you can enjoy a traditional ayurveda massage and a range of other body treatments that help you relax and rejuvenate. When in Kerala, you ought to taste the delicious local cuisine and at Club Mahindra resorts, you get the best dining experiences you can ask for.
The chefs at both resorts prepare a special menu for every meal with a range of Kerala delicacies, including the much-famed fish curries, payasam and coconut-based gravies. Each meal here will be a delightful experience that will fill your tummy and heart, we bet!
Lastly, the Club Mahindra resorts in Munnar offer a range of specially curated experiences that allow you to spend time with your loved ones and strengthen your bond while having fun. All-in-all, a family extravaganza with love, happiness and joy awaits you at the Club Mahindra resorts.
Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.
-
Entertainment2 months agoRita Ora On Tessa Thompson Taika Waititi Throuple Rumor
-
Social Media2 months agoMeet the actor Shanu Bhutto
-
Social Media2 months agoHow to start Career in Graphics Design with Canva?
-
Social Media2 months agoMeet Devam Divecha is a Young Successful Musical artist, Rapper and Famous Singer in India
-
Social Media2 months agoMeet the digital influencer and marketer; Alex Chungath
-
Cryptocurrency3 months agoAn ace professional taking over the world of Forex and Trading
-
Social Media2 months agoYoung Entrepreneur Pratik Virkhare bringing latest trends in Digital Marketing
-
Entrepreneurship2 months ago3 Ways to Create a Hybrid Work Environment That Works for All Generations