For Immediate Release
Chicago, IL – January 13, 2020 – Stocks in this week’s article are Nexstar Media Group, Inc. (NXST - Free Report) , Berry Global Group, Inc. (BERY - Free Report) , DCP Midstream, LP (DCP - Free Report) , Huntington Ingalls Industries, Inc. (HII - Free Report) and FleetCor Technologies, Inc. (FLT - Free Report) .
Add These 5 Stocks with Strong Sales Growth to Your Portfolio
Sales growth is an important metric for any company, as it is a vital part of growth projections and instrumental in strategic decision-making. By keeping an eye on this key metric over a significant period of time, one can clearly understand a company’s growth trend.
Sales growth is essential to justify the fixed and variable expenses incurred to operate a business. Low revenues lead to unprofitable business and hamper financials. Stagnant companies may generate near-term profit but can’t generate enough growth to attract new investors.
Also, in a growing economy, lack of sales growth most likely reflects that the company is not gaining market share over its peers. In simple terms, some sustained sales growth is required to support the bottom line.
Focusing solely on sales growth is not enough though. A healthy sales growth rate is certainly a positive indicator for picking good stocks but it does not ensure profits. So, taking into consideration a company’s cash position along with its sales number can prove to be a more dependable strategy.
Substantial cash on hand and a steady cash flow give a company more flexibility with respect to business decisions and potential investments. Cash also enables a company to endure market downturns. A strong liquidity position indicates that revenues are being channelized in the right direction.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/711430/add-these-5-stocks-with-strong-sales-growth-to-your-portfolio
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